Montana Code 15-53-140. Credit for taxes paid on worthless account — taxes paid if account collected
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15-53-140. Credit for taxes paid on worthless account — taxes paid if account collected. (1) The retail telecommunications excise taxes paid on an accrual basis by a telecommunications services provider filing a return under 15-53-139 on sales found to be worthless and actually deducted by the person as bad debt for federal income tax purposes may be credited on a subsequent payment of the tax.
Terms Used In Montana Code 15-53-140
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- Retail telecommunications: means , except as provided in subsection (10)(b), the two-way transmission of voice, image, data, or other information over wire, cable, fiber optics, microwave, radio, satellite, or similar facilities that originates or terminates in this state and is charged to a customer with a Montana service address. See Montana Code 15-53-129
- Telecommunications services provider: means a person providing retail telecommunications services. See Montana Code 15-53-129
(2)If the accounts are subsequently collected, the retail telecommunications excise tax must be paid on the amount collected.