ARM 42.4.1611. AVAILABILITY OF TAX CREDIT

(1) A claim for credit may be made as a new corporation or as an expanding corporation; no corporation may qualify as both in the same year. (2) A corporation may claim credit due under 15-31-124 through 15-31-127 , MCA, for more than one manufacturing facility; but in no case shall the department allow a claim for credit, if the total claim for credit exceeds total liability imposed by 15-31-101 , 15-31-121 , and 15-31-122 , MCA, as amended. (3) A corporation qualifying under 15-31-124 through 15-31-127 , MCA, shall use any credit authorized as an offset to tax liability incurred during the period of eligibility. No carryback or carryover is allowed for this credit.