42.15.221 : DEPENDENT CHILD UNEARNED INCOME EXCLUSION - Administrative Rules of the State of Montana

	HOME	SEARCH	ABOUT US	CONTACT US	HELP


	Rule: 42.15.221	Prev Up Next
	Rule Title: DEPENDENT CHILD UNEARNED INCOME EXCLUSION

		Add to Favorites
Department:	REVENUE
Chapter:	INCOME TAX
Subchapter:	Montana Additions and Subtractions

Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

Printer Friendly Version

42.15.221 DEPENDENT CHILD UNEARNED INCOME EXCLUSION

(1) The unearned income of a dependent child that is included in a parent's federal adjusted gross income pursuant to the IRC is exempt from taxation if for the tax year:

(a) the child is not required to file a Montana individual income tax return; or

(b) the child filed a Montana individual income tax return reporting the income.

History: 15-30-2620, MCA; IMP, 15-30-2110, MCA; NEW, 1985 MAR p. 1633, Eff. 11/1/85; AMD, 1994 MAR p. 1720, Eff. 6/24/94; AMD and TRANS, from ARM 42.15.308, 2004 MAR p. 3147, Eff. 12/17/04; AMD, 2010 MAR p. 1088, Eff. 4/30/10.

MAR Notices	Effective From	Effective To	History Notes
42-2-820	4/30/2010	Current	History: 15-30-2620, MCA; IMP, 15-30-2110, MCA; NEW, 1985 MAR p. 1633, Eff. 11/1/85; AMD, 1994 MAR p. 1720, Eff. 6/24/94; AMD and TRANS, from ARM 42.15.308, 2004 MAR p. 3147, Eff. 12/17/04; AMD, 2010 MAR p. 1088, Eff. 4/30/10.
	12/17/2004	4/30/2010	History: Sec. 15-30-305, MCA; IMP, Sec. 15-30-111, MCA; NEW, 1985 MAR p. 1633, Eff. 11/1/85; AMD, 1994 MAR p. 1720, Eff. 6/24/94; AMD and TRANS, from ARM 42.15.308, 2004 MAR p. 3147, Eff. 12/17/04.