15-31-321. Definitions. As used in 15-31-321 through 15-31-326, unless the context requires otherwise, the following definitions apply:
(1) "Affiliated corporation" means a United States parent corporation and any subsidiary of which more than 50% of the voting stock is owned directly or indirectly by another corporate member of the water's-edge combined group.
(2) "United States" means the 50 states of the United States and the District of Columbia.
(3) "Water's-edge combined group" means all corporations or entities included in the election of a taxpayer under 15-31-322.
History: En. Sec. 1, Ch. 616, L. 1987.
Structure Montana Code Annotated
Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax
Part 3. Allocation and Apportionment of Income
15-31-301. Corporations subject to allocation and apportionment
15-31-303. When taxable in another state
15-31-304. Allocation of nonapportionable income
15-31-305. Apportionment of apportionable income
15-31-306. Definition of property factor
15-31-307. Values used for property factor
15-31-308. Definition of payroll factor
15-31-309. Payroll factor for compensation in this state
15-31-310. Definition of receipts factor
15-31-311. Receipts factor for receipts in this state
15-31-312. Apportionment formula -- unitary business provisions
15-31-314. through 15-31-320 reserved
15-31-322. Water's-edge election -- inclusion of tax havens
15-31-323. Apportionment factors -- inclusion of tax havens
15-31-324. Water's-edge election period -- consent -- change of election
15-31-325. Treatment of dividends
15-31-326. Domestic disclosure spreadsheet -- inclusion of tax havens