Montana Code 15-31-112. Taxable period
Current as of: 2023 | Check for updates
|
Other versions
15-31-112. Taxable period. The corporate income tax must be computed on the basis of the corporation‘s total net income for the taxable period. The corporation’s taxable period is the same as the taxable year for federal income tax purposes. If a corporation changes its taxable year, it shall promptly notify the department.
Terms Used In Montana Code 15-31-112
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.