§ 15-31-101 Organizations subject to tax — incorporation of terms that mean corporate income tax
§ 15-31-102 Organizations exempt from tax — unrelated business income not exempt
§ 15-31-103 Research and development firms exempt from taxation — application
§ 15-31-110 Electronic corporate income tax return required — waiver — rulemaking
§ 15-31-111 Return to be filed — penalty and interest
§ 15-31-112 Taxable period
§ 15-31-113 Gross income and net income
§ 15-31-114 Deductions allowed in computing income
§ 15-31-115 Reaffirmation of bond income inclusion in definition of net income for corporate income tax purposes
§ 15-31-116 Repealed
§ 15-31-117 Tax deductibility
§ 15-31-118 Taxable liability on termination of independent liability fund
§ 15-31-119 Net operating losses — carryovers and carrybacks — limit
§ 15-31-120 reserved
§ 15-31-121 Rate of tax — minimum tax — distribution of revenue
§ 15-31-122 Alternative gross sales tax
§ 15-31-123 Repealed
§ 15-31-124 Repealed
§ 15-31-125 Repealed
§ 15-31-126 Repealed
§ 15-31-127 Repealed
§ 15-31-130 Repealed
§ 15-31-131 Repealed
§ 15-31-132 Repealed
§ 15-31-133 Repealed
§ 15-31-134 Repealed
§ 15-31-135 Repealed
§ 15-31-136 Repealed
§ 15-31-137 Repealed
§ 15-31-141 Consolidated returns — computation and procedure — penalty and interest
§ 15-31-142 Reports upon merger of corporations
§ 15-31-143 Return and payment on corporate dissolution
§ 15-31-150 Repealed
§ 15-31-151 Credit for preservation of historic buildings
§ 15-31-152 Repealed
§ 15-31-158 Credit for providing supplemental funding to public schools — corporate tax credit — innovative educational program
§ 15-31-159 Qualified education corporate credit for contributions to student scholarship organization
§ 15-31-160 reserved
§ 15-31-161 Credit for contribution by corporations to qualified endowment — recapture of credit — deduction included as income
§ 15-31-162 Small business corporation, partnership, and limited liability company credit for contribution to qualified endowment — recapture of credit — deduction included as income
§ 15-31-163 Capital gain exclusion from sale of mobile home park
§ 15-31-164 Notification of mobile home park owners
§ 15-31-165 Account for notification of mobile home park owners
§ 15-31-170 Terminated
§ 15-31-171 Repealed
§ 15-31-172 Small business corporation — deduction for donation of computer equipment to schools
§ 15-31-173 Tax credit for hiring registered apprentices or veteran apprentices
§ 15-31-174 Corporate income tax credit for trades education and training
§ 15-31-175 Grow Montana jobs — annual job growth incentive tax credit
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Terms Used In Montana Code > Title 15 > Chapter 31 > Part 1 - Corporate Income Tax Rate and Return

  • Amortization: Paying off a loan by regular installments.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • 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.
  • Donee: The recipient of a gift.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Property: means real and personal property. See Montana Code 1-1-205
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • 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
  • Trustee: A person or institution holding and administering property in trust.
  • United States: includes the District of Columbia and the territories. See Montana Code 1-1-201
  • Writing: includes printing. See Montana Code 1-1-203