ARM 42.4.3303. SUBMISSION OF COSTS AND APPLICATION FOR TAX CREDIT

(1) Upon notification from the Department of Commerce that a production company has been granted state certification, the department will send a Film Production Credit form to the production company along with the instructions for completing the form. (2) At the conclusion of the principal photography, the statement of expenditures referred to in 15-31-905, MCA, shall be sent to the department. However, when the production company ultimately files its application to receive the tax credit(s), it may supplement this statement of expenditures and compensation with an updated statement that reflects expenditures and compensation paid to Montana residents arising after principal photography is complete. (3) When the production company files its tax return, it shall complete the application referred to in (1), and return it to the department along with the appropriate fee as provided in 15-31-906, MCA, and supporting documentation. (4) Allowed credits shall be claimed against the tax imposed under 15-30-103, or 15-31-121, MCA, for the income year in which the production expenses or costs were incurred.