Terms Used In Montana Code 15-31-1006

• Base investment: means the amount expended by a production company as production expenditures and compensation incurred in this state that are directly used in a state-certified production. See Montana Code 15-31-1003
• Compensation: means Montana wages, salaries, commissions, payments to a loan-out company subject to the provisions of subsection (3)(c), union benefits, fringe benefits, and any other form of remuneration paid to employees for personal services performed in this state. See Montana Code 15-31-1003
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
• Production company: means a company primarily engaged in qualified production activities that have been approved by the department of commerce. See Montana Code 15-31-1003
• Production expenditure: means a preproduction or production expenditure incurred in Montana that is directly used for a qualified production activity including:

  (i)set construction and operation;

  (ii)wardrobes, makeup, accessories, and related services;

  (iii)costs associated with photography and sound synchronization expenditures, excluding license fees, incurred with Montana companies for sound recordings and musical compositions, lighting, or related services and materials;

  (iv)editing and related services;

  (v)rental of facilities and equipment;

  (vi)leasing of vehicles, whether to be photographed or to transport people, equipment, or materials;

  (vii)lodging costs, including hotel rooms and private housing rentals paid for by the production company;

  (viii)per diem and living allowance paid to staff, cast, and crew members;

  (ix)digital, film, or tape editing, film processing, transfers of film to tape or digital format, sound mixing, computer graphics services, special effects services, visual effects services, and animation services;

  (x)airfare, if purchased through a Montana travel agency or travel company;

  (xi)insurance costs and bonding, if purchased through a Montana insurance agency; and

  (xii)other direct costs of producing the project in accordance with generally accepted entertainment industry practices and generally accepted accounting principles. See Montana Code 15-31-1003

• State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
• United States: includes the District of Columbia and the territories. See Montana Code 1-1-201