Montana Code Annotated
Title 15. Taxation
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 - 15-31-101. Organizations subject to tax -- incorporation of terms that...

15-31-102. Organizations exempt from tax -- unrelated business income not exempt - 15-31-102. Organizations exempt from tax -- unrelated business income not...

15-31-103. Research and development firms exempt from taxation -- application - 15-31-103. Research and development firms exempt from taxation -- application....

15-31-104. through 15-31-110 reserved - 15-31-104 through 15-31-110 reserved.

15-31-111. Return to be filed -- penalty and interest - 15-31-111. Return to be filed -- penalty and interest. (1)...

15-31-112. Taxable period - 15-31-112. Taxable period. The corporate income tax must be computed...

15-31-113. Gross income and net income - 15-31-113. Gross income and net income. (1) The term "gross...

15-31-114. Deductions allowed in computing income - 15-31-114. Deductions allowed in computing income. (1) In computing the...

15-31-115. Reaffirmation of bond income inclusion in definition of net income for corporate income tax purposes - 15-31-115. Reaffirmation of bond income inclusion in definition of net...

15-31-116. Repealed - 15-31-116. Repealed. Sec. 1, Ch. 125, L. 1989. History: En....

15-31-117. Tax deductibility - 15-31-117. Tax deductibility. (1) The amount of contributions made by...

15-31-118. Taxable liability on termination of independent liability fund - 15-31-118. Taxable liability on termination of independent liability fund. If...

15-31-119. Net operating losses -- carryovers and carrybacks -- limit - 15-31-119. Net operating losses -- carryovers and carrybacks -- limit....

15-31-120. reserved - 15-31-120 reserved.

15-31-121. Rate of tax -- minimum tax -- distribution of revenue - 15-31-121. Rate of tax -- minimum tax -- distribution of...

15-31-122. Alternative gross sales tax - 15-31-122. Alternative gross sales tax. Pursuant to the provisions of...

15-31-123. Repealed - 15-31-123. Repealed. Sec. 4, Ch. 159, L. 2003. History: En....

15-31-124. Repealed - 15-31-124. Repealed. Sec. 3, Ch. 15, L. 2021. History: En....

15-31-125. Repealed - 15-31-125. Repealed. Sec. 3, Ch. 15, L. 2021. History: En....

15-31-126. Repealed - 15-31-126. Repealed. Sec. 3, Ch. 15, L. 2021. History: En....

15-31-127. Repealed - 15-31-127. Repealed. Sec. 3, Ch. 15, L. 2021. History: En....

15-31-128. and 15-31-129 reserved - 15-31-128 and 15-31-129 reserved.

15-31-130. Repealed - 15-31-130. Repealed. Sec. 54, Ch. 151, L. 2017. History: En....

15-31-131. Repealed - 15-31-131. Repealed. Sec. 64, Ch. 503, L. 2021. History: En....

15-31-132. Repealed - 15-31-132. Repealed. Sec. 64, Ch. 503, L. 2021. History: En....

15-31-133. Repealed - 15-31-133. Repealed. Sec. 3, Ch. 399, L. 2019. History: En....

15-31-134. Repealed - 15-31-134. Repealed. Sec. 64, Ch. 503, L. 2021. History: En....

15-31-135. Repealed - 15-31-135. Repealed. Sec. 64, Ch. 503, L. 2021. History: En....

15-31-136. Repealed - 15-31-136. Repealed. Sec. 64, Ch. 503, L. 2021. History: En....

15-31-137. Repealed - 15-31-137. Repealed. Sec. 64, Ch. 503, L. 2021. History: En....

15-31-138. through 15-31-140 reserved - 15-31-138 through 15-31-140 reserved.

15-31-141. Consolidated returns -- computation and procedure -- penalty and interest - 15-31-141. Consolidated returns -- computation and procedure -- penalty and...

15-31-142. Reports upon merger of corporations - 15-31-142. Reports upon merger of corporations. If any corporation shall...

15-31-143. Return and payment on corporate dissolution - 15-31-143. Return and payment on corporate dissolution. (1) Each corporation...

15-31-144. through 15-31-149 reserved - 15-31-144 through 15-31-149 reserved.

15-31-150. Repealed - 15-31-150. Repealed. Sec. 3, Ch. 399, L. 2019. History: En....

15-31-151. Credit for preservation of historic buildings - 15-31-151. Credit for preservation of historic buildings. (1) (a) There...

15-31-152. Repealed - 15-31-152. Repealed. Sec. 3, Ch. 309, L. 2009. History: En....

15-31-153. through 15-31-157 reserved - 15-31-153 through 15-31-157 reserved.

15-31-158. Credit for providing supplemental funding to public schools -- corporate tax credit -- innovative educational program - 15-31-158. (Temporary) Credit for providing supplemental funding to public schools...

15-31-159. Qualified education corporate credit for contributions to student scholarship organization - 15-31-159. (Temporary) Qualified education corporate credit for contributions to student...

15-31-160. reserved - 15-31-160 reserved.

15-31-161. Credit for contribution by corporations to qualified endowment -- recapture of credit -- deduction included as income - 15-31-161. (Temporary) Credit for contribution by corporations to qualified endowment...

15-31-162. Small business corporation, partnership, and limited liability company credit for contribution to qualified endowment -- recapture of credit -- deduction included as income - 15-31-162. (Temporary) Small business corporation, partnership, and limited liability company...

15-31-163. Capital gain exclusion from sale of mobile home park - 15-31-163. (Temporary) Capital gain exclusion from sale of mobile home...

15-31-164. Notification of mobile home park owners - 15-31-164. Notification of mobile home park owners. (1) The department...

15-31-165. Account for notification of mobile home park owners - 15-31-165. Account for notification of mobile home park owners. (1)...

15-31-166. through 15-31-169 reserved - 15-31-166 through 15-31-169 reserved.

15-31-170. Terminated - 15-31-170. Terminated. Sec. 7, Ch. 411, L. 2001. History: En....

15-31-171. Repealed - 15-31-171. Repealed. Sec. 64, Ch. 503, L. 2021. History: En....

15-31-172. Small business corporation -- deduction for donation of computer equipment to schools - 15-31-172. Small business corporation -- deduction for donation of computer...

15-31-173. Tax credit for hiring registered apprentices or veteran apprentices - 15-31-173. Tax credit for hiring registered apprentices or veteran apprentices....

15-31-174. Corporate income tax credit for trades education and training - 15-31-174. (Temporary) Corporate income tax credit for trades education and...

15-31-175. Grow Montana jobs -- annual job growth incentive tax credit - 15-31-175. (Temporary) Grow Montana jobs -- annual job growth incentive...

Part 2. Small Business Corporations (Renumbered and Repealed)

15-31-201. Renumbered 15-30-1101 - 15-31-201. Renumbered 15-30-1101. Sec. 16(2), Ch. 143, L. 2001.

15-31-202. Repealed - 15-31-202. Repealed. Sec. 17, Ch. 143, L. 2001. History: En....

15-31-203. Renumbered 15-30-1121 - 15-31-203. Renumbered 15-30-1121. Sec. 16(2), Ch. 143, L. 2001.

15-31-204. Repealed - 15-31-204. Repealed. Sec. 3, Ch. 65, L. 1997. History: En....

15-31-205. Repealed - 15-31-205. Repealed. Sec. 5, Ch. 667, L. 1983. History: En....

15-31-206. Repealed - 15-31-206. Repealed. Sec. 5, Ch. 667, L. 1983. History: En....

15-31-207. Repealed - 15-31-207. Repealed. Sec. 5, Ch. 667, L. 1983. History: En....

15-31-208. Repealed - 15-31-208. Repealed. Sec. 10, Ch. 807, L. 1991. History: En....

15-31-209. Repealed - 15-31-209. Repealed. Sec. 17, Ch. 143, L. 2001. History: En....

Part 3. Allocation and Apportionment of Income

15-31-301. Corporations subject to allocation and apportionment - 15-31-301. Corporations subject to allocation and apportionment. (1) Any corporation...

15-31-302. Definitions - 15-31-302. Definitions. (1) "Apportionable income" means: (a) all income that...

15-31-303. When taxable in another state - 15-31-303. When taxable in another state. For the purposes of...

15-31-304. Allocation of nonapportionable income - 15-31-304. Allocation of nonapportionable income. Rents and royalties from real...

15-31-305. Apportionment of apportionable income - 15-31-305. Apportionment of apportionable income. All apportionable income must be...

15-31-306. Definition of property factor - 15-31-306. Definition of property factor. The property factor is provided...

15-31-307. Values used for property factor - 15-31-307. Values used for property factor. Property owned by the...

15-31-308. Definition of payroll factor - 15-31-308. Definition of payroll factor. The payroll factor is provided...

15-31-309. Payroll factor for compensation in this state - 15-31-309. Payroll factor for compensation in this state. Compensation is...

15-31-310. Definition of receipts factor - 15-31-310. Definition of receipts factor. The receipts factor is provided...

15-31-311. Receipts factor for receipts in this state - 15-31-311. Receipts factor for receipts in this state. (1) Receipts...

15-31-312. Apportionment formula -- unitary business provisions - 15-31-312. Apportionment formula -- unitary business provisions. (1) If the...

15-31-313. Rules - 15-31-313. Rules. The department of revenue shall prescribe regulations to...

15-31-314. through 15-31-320 reserved - 15-31-314 through 15-31-320 reserved.

15-31-321. Definitions - 15-31-321. Definitions. As used in 15-31-321 through 15-31-326, unless the...

15-31-322. Water's-edge election -- inclusion of tax havens - 15-31-322. Water's-edge election -- inclusion of tax havens. (1) Notwithstanding...

15-31-323. Apportionment factors -- inclusion of tax havens - 15-31-323. Apportionment factors -- inclusion of tax havens. (1) For...

15-31-324. Water's-edge election period -- consent -- change of election - 15-31-324. Water's-edge election period -- consent -- change of election....

15-31-325. Treatment of dividends - 15-31-325. Treatment of dividends. For purposes of 15-31-321 through 15-31-326,...

15-31-326. Domestic disclosure spreadsheet -- inclusion of tax havens - 15-31-326. Domestic disclosure spreadsheet -- inclusion of tax havens. (1)...

Part 4. Alternative Corporate Income Tax

15-31-401. Application of corporate income tax and alternative corporate income tax - 15-31-401. Application of corporate income tax and alternative corporate income...

15-31-402. Short title -- administration of part - 15-31-402. Short title -- administration of part. This part may...

15-31-403. Rate of tax imposed -- income from sources within state defined -- alternative tax - 15-31-403. Rate of tax imposed -- income from sources within...

15-31-404. Offset for corporate income taxes -- alternative corporate income tax collected considered corporate income tax - 15-31-404. Offset for corporate income taxes -- alternative corporate income...

15-31-405. Information return -- period for assessment of tax - 15-31-405. Information return -- period for assessment of tax. When...

15-31-406. Corporate income tax sections incorporated by reference - 15-31-406. Corporate income tax sections incorporated by reference. The provisions...

15-31-407. Employment of personnel -- rules - 15-31-407. Employment of personnel -- rules. The department of revenue...

15-31-408. Repealed - 15-31-408. Repealed. Sec. 66, Ch. 422, L. 1997. History: En....

Part 5. Administration and Collection

15-31-501. Department rules -- conformance with Internal Revenue Code - 15-31-501. Department rules -- conformance with Internal Revenue Code. (1)...

15-31-502. Assessment and payment of tax -- estimated tax payment -- amount of required installments - 15-31-502. Assessment and payment of tax -- estimated tax payment...

15-31-503. Deficiency assessment -- notice -- penalty and interest - 15-31-503. Deficiency assessment -- notice -- penalty and interest. (1)...

15-31-504. Estimated tax on failure to file - 15-31-504. Estimated tax on failure to file. (1) If any...

15-31-505. Subpoenas -- investigation of income, and shifting - 15-31-505. Subpoenas -- investigation of income, and shifting. (1) Jurisdiction...

15-31-506. Copy of federal return required -- report of amended federal return - 15-31-506. Copy of federal return required -- report of amended...

15-31-507. Repealed - 15-31-507. Repealed. Sec. 5, Ch. 135, L. 1993. History: En....

15-31-508. Repealed - 15-31-508. Repealed. Sec. 5, Ch. 135, L. 1993. History: En....

15-31-509. Periods of limitation - 15-31-509. Periods of limitation. (1) Except as otherwise provided in...

15-31-510. Estimated payments -- tax returns -- penalty and interest - 15-31-510. Estimated payments -- tax returns -- penalty and interest....

15-31-511. Confidentiality of tax records - 15-31-511. Confidentiality of tax records. (1) Except as provided in...

15-31-512. through 15-31-520 reserved - 15-31-512 through 15-31-520 reserved.

15-31-521. Closing agreements - 15-31-521. Closing agreements. (1) The director of revenue or any...

15-31-522. When immediate payment demanded - 15-31-522. When immediate payment demanded. If the department determines that...

15-31-523. Suspension or forfeiture on delinquency - 15-31-523. Suspension or forfeiture on delinquency. (1) If a tax...

15-31-524. Reviver of corporation after suspension or forfeiture - 15-31-524. Reviver of corporation after suspension or forfeiture. A corporation...

15-31-525. Levy upon and sale of property - 15-31-525. Levy upon and sale of property. If any tax...

15-31-526. Action by attorney general - 15-31-526. Action by attorney general. Action may be brought by...

15-31-527. Repealed - 15-31-527. Repealed. Sec. 54, Ch. 439, L. 1981. History: En....

15-31-528. through 15-31-530 reserved - 15-31-528 through 15-31-530 reserved.

15-31-531. Credit for overpayment -- interest on overpayment - 15-31-531. Credit for overpayment -- interest on overpayment. (1) If...

15-31-532. Application for refund -- appeal from denial - 15-31-532. Application for refund -- appeal from denial. If the...

15-31-533. through 15-31-540 reserved - 15-31-533 through 15-31-540 reserved.

15-31-541. Site of failure to act -- evidence - 15-31-541. Site of failure to act -- evidence. The failure...

15-31-542. Repealed - 15-31-542. Repealed. Sec. 18, Ch. 79, L. 1983. History: En....

15-31-543. Forfeiture of right to engage in business -- penalties - 15-31-543. Forfeiture of right to engage in business -- penalties....

15-31-544. Action on false or fraudulent return - 15-31-544. Action on false or fraudulent return. Whenever a return...

15-31-545. Repealed - 15-31-545. Repealed. Sec. 40, Ch. 594, L. 2005. History: En....

15-31-546. through 15-31-550 reserved - 15-31-546 through 15-31-550 reserved.

15-31-551. Certified copies of corporate income tax returns to taxpayer -- fee - 15-31-551. Certified copies of corporate income tax returns to taxpayer...

15-31-552. Corporation dissolution or withdrawal certificates and tax clearance certificates furnished - 15-31-552. Corporation dissolution or withdrawal certificates and tax clearance certificates...

15-31-553. Fees to reimburse department for costs -- deposit in general fund - 15-31-553. Fees to reimburse department for costs -- deposit in...

15-31-554. Returns to which sections apply - 15-31-554. Returns to which sections apply. The provisions of 15-31-551...

Part 6. Lists of Corporations

15-31-601. Repealed - 15-31-601. Repealed. Sec. 2, Ch. 252, L. 1989. History: En....

15-31-602. Repealed - 15-31-602. Repealed. Sec. 2, Ch. 252, L. 1989. History: En....

15-31-603. List of entities furnished by secretary of state - 15-31-603. List of entities furnished by secretary of state. On...

15-31-604. Repealed - 15-31-604. Repealed. Sec. 2, Ch. 252, L. 1989. History: En....

15-31-605. Repealed - 15-31-605. Repealed. Sec. 2, Ch. 252, L. 1989. History: En....

15-31-606. Repealed - 15-31-606. Repealed. Sec. 2, Ch. 252, L. 1989. History: En....

15-31-607. Repealed - 15-31-607. Repealed. Sec. 2, Ch. 252, L. 1989. History: En....

Part 7. Bank, Moneyed Capital, and Shares Exempt

15-31-701. Repealed - 15-31-701. Repealed. Sec. 253, Ch. 574, L. 2001. History: En....

15-31-702. Repealed - 15-31-702. Repealed. Sec. 253, Ch. 574, L. 2001. History: En....

15-31-703. Moneyed capital and shares of banks exempt - 15-31-703. Moneyed capital and shares of banks exempt. (1) Moneyed...

Part 8. Foreign Capital Depository -- Assessment (Repealed)

15-31-801. Repealed - 15-31-801. Repealed. Sec. 23, Ch. 163, L. 2005. History: En....

15-31-802. Repealed - 15-31-802. Repealed. Sec. 23, Ch. 163, L. 2005. History: En....

15-31-803. Repealed - 15-31-803. Repealed. Sec. 23, Ch. 163, L. 2005. History: En....

15-31-804. Repealed - 15-31-804. Repealed. Sec. 23, Ch. 163, L. 2005. History: En....

15-31-805. Repealed - 15-31-805. Repealed. Sec. 23, Ch. 163, L. 2005. History: En....

15-31-806. Repealed - 15-31-806. Repealed. Sec. 23, Ch. 163, L. 2005. History: En....

15-31-807. Repealed - 15-31-807. Repealed. Sec. 23, Ch. 163, L. 2005. History: En....

15-31-808. Repealed - 15-31-808. Repealed. Sec. 23, Ch. 163, L. 2005. History: En....

Part 9. Movie and TV Industries and Related Media -- Tax Incentives (Repealed and Terminated)

15-31-901. Terminated - 15-31-901. Terminated. Sec. 17, Ch. 593, L. 2005; sec. 1,...

15-31-902. Terminated - 15-31-902. Terminated. Sec. 17, Ch. 593, L. 2005; sec. 1,...

15-31-903. Terminated - 15-31-903. Terminated. Sec. 17, Ch. 593, L. 2005; sec. 1,...

15-31-904. Terminated - 15-31-904. Terminated. Sec. 17, Ch. 593, L. 2005; sec. 1,...

15-31-905. Terminated - 15-31-905. Terminated. Sec. 17, Ch. 593, L. 2005; sec. 1,...

15-31-906. Terminated - 15-31-906. Terminated. Sec. 17, Ch. 593, L. 2005; sec. 9,...

15-31-907. Terminated - 15-31-907. Terminated. Sec. 17, Ch. 593, L. 2005; sec. 9,...

15-31-908. Terminated - 15-31-908. Terminated. Sec. 17, Ch. 593, L. 2005; sec. 9,...

15-31-909. Repealed - 15-31-909. Repealed. Sec. 5, Ch. 367, L. 2007. History: En....

15-31-910. Terminated - 15-31-910. Terminated. Sec. 17, Ch. 593, L. 2005; sec. 1,...

15-31-911. Terminated - 15-31-911. Terminated. Sec. 17, Ch. 593, L. 2005; sec. 9,...

Part 10. Montana Economic Development

15-31-1001. Short title - 15-31-1001. Short title. This part may be cited as the...

15-31-1002. Purpose - 15-31-1002. Purpose. (1) The purpose of this part is to...

15-31-1003. Definitions - 15-31-1003. Definitions. As used in this part, unless the context...

15-31-1004. Application for state certification - 15-31-1004. Application for state certification. (1) (a) A production company...

15-31-1005. Submission of costs -- fee - 15-31-1005. Submission of costs -- fee. (1) Prior to claiming...

15-31-1006. Production expenditure verification report - 15-31-1006. Production expenditure verification report. (1) A production company or...

15-31-1007. Tax credit for media production - 15-31-1007. (Temporary) Tax credit for media production. (1) Subject to...

15-31-1008. Transfer of tax credit for media production -- transfer fee - 15-31-1008. Transfer of tax credit for media production -- transfer...

15-31-1009. Tax credit for postproduction wages - 15-31-1009. Tax credit for postproduction wages. (1) Through the tax...

15-31-1010. Limitation of tax credits - 15-31-1010. (Temporary) Limitation of tax credits. (1) (a) The department...

15-31-1011. Report to legislature - 15-31-1011. Report to legislature. (1) The department of commerce shall...

15-31-1012. Rulemaking - 15-31-1012. Rulemaking. (1) The department of commerce and the department...

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Montana Code Annotated Title 15. Taxation Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax

Montana Code Annotated
Title 15. Taxation
Chapter 31. Corporate Income Tax or Alternative Corporate Income Tax