15-31-143. Return and payment on corporate dissolution. (1) Each corporation doing business in Montana shall pay an excise tax for the exercise of that privilege, and the amount of the excise tax must be based upon the total taxable net income of a corporation during the entire period of time that it is engaged in business in this state. No remission of that obligation for the last year in which a corporation engages in business in Montana was intended by the original enactment of this section.
(2) Each corporation that is dissolved or ceases to do business in Montana shall, upon the dissolution or cessation of business, make a return and pay the corporate income tax determined on the basis of its net income for the final period in which it did business in this state at the rate provided in 15-31-121 and 15-31-122, in addition to all other corporate income taxes for which the corporation may then be liable.
History: En. Sec. 7, Ch. 166, L. 1933; re-en. Sec. 2303.3, R.C.M. 1935; amd. Sec. 1, Ch. 67, L. 1943; amd. Sec. 1, Ch. 60, L. 1963; R.C.M. 1947, 84-1511; amd. Sec. 1, Ch. 69, L. 1999; amd. Sec. 19, Ch. 268, L. 2013.
Structure Montana Code Annotated
Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax
Part 1. Corporate Income Tax Rate and Return
15-31-101. Organizations subject to tax -- incorporation of terms that mean corporate income tax
15-31-102. Organizations exempt from tax -- unrelated business income not exempt
15-31-103. Research and development firms exempt from taxation -- application
15-31-104. through 15-31-110 reserved
15-31-111. Return to be filed -- penalty and interest
15-31-113. Gross income and net income
15-31-114. Deductions allowed in computing income
15-31-118. Taxable liability on termination of independent liability fund
15-31-119. Net operating losses -- carryovers and carrybacks -- limit
15-31-121. Rate of tax -- minimum tax -- distribution of revenue
15-31-122. Alternative gross sales tax
15-31-128. and 15-31-129 reserved
15-31-138. through 15-31-140 reserved
15-31-141. Consolidated returns -- computation and procedure -- penalty and interest
15-31-142. Reports upon merger of corporations
15-31-143. Return and payment on corporate dissolution
15-31-144. through 15-31-149 reserved
15-31-151. Credit for preservation of historic buildings
15-31-153. through 15-31-157 reserved
15-31-163. Capital gain exclusion from sale of mobile home park
15-31-164. Notification of mobile home park owners
15-31-165. Account for notification of mobile home park owners
15-31-166. through 15-31-169 reserved
15-31-172. Small business corporation -- deduction for donation of computer equipment to schools
15-31-173. Tax credit for hiring registered apprentices or veteran apprentices
15-31-174. Corporate income tax credit for trades education and training
15-31-175. Grow Montana jobs -- annual job growth incentive tax credit