15-31-1012. Rulemaking. (1) The department of commerce and the department of revenue shall adopt rules necessary to implement and administer this part. The rules must include procedures for:
(a) determining production expenditures allowed under 15-31-1007 and postproduction wages allowed under 15-31-1009;
(b) administering the transfer of credits and the registration and reporting requirements of credit brokers pursuant to 15-31-1008; and
(c) reviewing taxpayer compliance with the provisions of 15-31-1004.
(2) The department of revenue and the department of commerce shall jointly adopt rules related to the content of the definitions in 15-31-1003.
History: En. Sec. 12, Ch. 352, L. 2019.
Structure Montana Code Annotated
Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax
Part 10. Montana Economic Development
15-31-1004. Application for state certification
15-31-1005. Submission of costs -- fee
15-31-1006. Production expenditure verification report
15-31-1007. Tax credit for media production
15-31-1008. Transfer of tax credit for media production -- transfer fee
15-31-1009. Tax credit for postproduction wages
15-31-1010. Limitation of tax credits