42.4.3203    INFORMATION REQUIRED OF A MULTISTATE BUSINESS CLAIMING A CREDIT FOR INCREASING RESEARCH ACTIVITIES

(1) A taxpayer claiming a credit for increasing research activities who has income from business activity that is taxable both within and outside of this state shall submit a by-state breakdown of:

(a) gross sales less returns and allowances that conform to the requirements of 15-31-311 , MCA;

(b) qualified research expenses as defined in 15-31-150 , MCA;

(c) supplies as defined in 15-31-150 , MCA; and

(d) wages as defined in 15-31-150 , MCA.

History: 15-31-150, 15-31-501, MCA; IMP, 15-31-150, MCA; NEW, 2005 MAR p. 164, Eff. 1/28/05.