15-30-2301. (Temporary) Capital gains credit. An individual taxpayer is allowed a credit against the taxes imposed by 15-30-2103 in an amount equal to 1% of the taxpayer's net capital gains for tax years 2005 and 2006 and 2% of the taxpayer's net capital gains for tax years beginning after 2006, as shown on the taxpayer's individual income tax return filed pursuant to 15-30-2602. The credit allowed under this section may not exceed the taxpayer's income tax liability. (Repealed effective January 1, 2024--secs. 65, 70(1), Ch. 503, L. 2021.)
History: En. Sec. 40, Ch. 544, L. 2003; Sec. 15-30-183, MCA 2007; redes. 15-30-2301 by Sec. 1, Ch. 147, L. 2009.
Structure Montana Code Annotated
Chapter 30. Individual Income Tax
Part 23. Specific Tax Credits and Tax Checkoffs
15-30-2301. Capital gains credit
15-30-2303. Tax credits subject to review by interim committee
15-30-2304. through 15-30-2317 reserved
15-30-2318. Earned income tax credit
15-30-2321. through 15-30-2325 reserved
15-30-2327. Qualified endowments credit -- definitions -- rules
15-30-2329. Beneficiaries of estates -- credit for contribution to qualified endowment
15-30-2330. through 15-30-2333 reserved
15-30-2337. Residential property tax credit for elderly -- definitions
15-30-2338. Residential property tax credit for elderly -- eligibility -- disallowance or adjustment
15-30-2339. Residential property tax credit for elderly -- filing date
15-30-2340. Residential property tax credit for elderly -- computation of relief
15-30-2341. Residential property tax credit for elderly -- limitations -- denial of claim
15-30-2342. Credit for preservation of historic buildings
15-30-2343. through 15-30-2355 reserved
15-30-2357. Tax credit for hiring registered apprentice or veteran apprentice
15-30-2359. Tax credit for trades education and training
15-30-2361. Grow Montana jobs -- annual job growth incentive tax credit
15-30-2362. and 15-30-2363 reserved
15-30-2374. through 15-30-2379 reserved
15-30-2380. Credit for unlocking public lands program -- definitions
15-30-2382. through 15-30-2385 reserved
15-30-2386. Funding for administration of special revenue accounts
15-30-2387. Voluntary checkoff for nongame wildlife programs
15-30-2388. Agriculture literacy in Montana schools program account -- administration
15-30-2389. Voluntary checkoff for agriculture literacy in Montana schools program
15-30-2390. Voluntary checkoff for child abuse and neglect prevention program
15-30-2392. Voluntary checkoff for Montana military relief fund
15-30-2393. Election to deposit refund to education savings or ABLE account