42.23.406    CONTRIBUTIONS TO PENSION AND PROFIT SHARING PLANS

(1) Reasonable contributions made by an employer to a pension, annuity, stock bonus, or profit sharing plan will be considered deductible to the extent they constitute ordinary, necessary, and reasonable business expenses. The amount deductible for federal income tax purposes will be so considered in the absence of evidence to the contrary.

History: Sec. 15-31-501, MCA; IMP, Sec. 15-31-114, MCA; Eff. 12/31/72.