15-53-140. Credit for taxes paid on worthless account -- taxes paid if account collected. (1) The retail telecommunications excise taxes paid on an accrual basis by a telecommunications services provider filing a return under 15-53-139 on sales found to be worthless and actually deducted by the person as bad debt for federal income tax purposes may be credited on a subsequent payment of the tax.
(2) If the accounts are subsequently collected, the retail telecommunications excise tax must be paid on the amount collected.
History: En. Sec. 10, Ch. 426, L. 1999.
Structure Montana Code Annotated
Chapter 53. Retail Telecommunications Excise Tax
15-53-107. through 15-53-110 reserved
15-53-116. through 15-53-125 reserved
15-53-128. Legislative findings and declaration of purpose
15-53-130. Imposition of retail telecommunications excise tax -- rate
15-53-131. Mobile telecommunications services
15-53-132. Telecommunications services other than mobile telecommunications services
15-53-133. and 15-53-134 reserved
15-53-135. Separate statement of tax -- no advertising to absorb or refund tax
15-53-136. Multistate exemption
15-53-137. Application for permission to report on accrual basis
15-53-138. Rural telephone cooperatives and rural electric cooperatives -- subject to excise tax
15-53-139. Return required of telecommunications services providers
15-53-140. Credit for taxes paid on worthless account -- taxes paid if account collected
15-53-141. through 15-53-144 reserved
15-53-145. Deficiency assessment -- review -- interest -- penalty
15-53-146. Credit for overpayment -- interest on overpayment
15-53-147. Penalty and interest for delinquency -- waiver
15-53-148. Estimation of tax upon failure to file return -- notice
15-53-149. Warrant for distraint
15-53-150. Statute of limitations
15-53-151. through 15-53-154 reserved