15-31-173. Tax credit for hiring registered apprentices or veteran apprentices. (1) There is a tax credit against the taxes otherwise due under 15-31-121 or 15-31-122 that is allowable in the amount established pursuant to 39-6-109 when a taxpayer employs a registered apprentice or registered veteran apprentice who works in Montana. The credit is administered as provided in 15-30-2357, 39-6-109, and this section.
(2) If the credit allowed under this section is claimed by a small business corporation as defined in 15-30-3301, a pass-through entity, or a partnership, the credit must be attributed to shareholders, owners, or partners using the same proportion as used to report the entity's income or loss.
History: En. Sec. 3, Ch. 380, L. 2017.
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