ARM 42.23.113

ARM 42.23.113. RESEARCH AND DEVELOPMENT FIRM - EXEMPTION PERIOD

Last amended: 2016Length: 55 wordsOfficial source

Cite as Mont. Admin. R. 42.23.113

(1) An entity that qualifies as a research and development firm as defined in 15-1-101, MCA, and is incorporated or qualified to do business in Montana on or after July 1, 1987, is exempt from the corporate income tax on the net income earned from research and development activities for its first five tax periods.
ARM 42.23.113: ARM 42.23.113. RESEARCH AND DEVELOPMENT FIRM - EXEMPTION PERIOD | Justis AI