42.23.113 : RESEARCH AND DEVELOPMENT FIRM - EXEMPTION PERIOD - Administrative Rules of the State of Montana

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	Rule: 42.23.113	Prev Up Next
	Rule Title: RESEARCH AND DEVELOPMENT FIRM - EXEMPTION PERIOD

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Department:	REVENUE
Chapter:	CORPORATE INCOME TAX - GENERAL
Subchapter:	General Provisions

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

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42.23.113 RESEARCH AND DEVELOPMENT FIRM - EXEMPTION PERIOD

(1) An entity that qualifies as a research and development firm as defined in 15-1-101, MCA, and is incorporated or qualified to do business in Montana on or after July 1, 1987, is exempt from the corporate income tax on the net income earned from research and development activities for its first five tax periods.

History: 15-31-501, MCA; IMP, 15-31-103, MCA; NEW, 1987 MAR p. 1802, Eff. 10/16/87; AMD, 2001 MAR p. 2046, Eff. 10/12/01; AMD, 2016 MAR p. 2198, Eff. 11/26/16.

MAR Notices	Effective From	Effective To	History Notes
42-2-960	11/26/2016	Current	History: 15-31-501, MCA; IMP, 15-31-103, MCA; NEW, 1987 MAR p. 1802, Eff. 10/16/87; AMD, 2001 MAR p. 2046, Eff. 10/12/01; AMD, 2016 MAR p. 2198, Eff. 11/26/16.
	10/12/2001	11/26/2016	History: Sec. 15-31-501, MCA; IMP, Sec. 15-31-103, MCA; NEW, 1987 MAR p. 1802, Eff. 10/16/87; AMD, 2001 MAR p. 2046, Eff. 10/12/01.