Montana § 30-20-208 Tax Exemptions For Providing Loans To Manufacturer Of Ammunition Components -- Conditions

Montana Statutes

§ 30-20-208 — Tax Exemptions For Providing Loans To Manufacturer Of Ammunition Components -- Conditions

Montana·Title 30 TRADE AND COMMERCE·Ch. 20 FIREARMS AND AMMUNITION MADE IN MONTANA·Part 2 Montana Ammunition Availability Act

30-20-208 . (Temporary) Tax exemptions for providing loans to manufacturer of ammunition components -- conditions.

(1)Subject to subsection (2), a lender or investor that provides loans to a person or entity in this state engaged in the primary business of the manufacture of ammunition components under the provisions of 30-20-207 is exempt from:

(a)individual income taxes as provided in Title 15, chapter 30; and

(b)corporate income or alternative corporate income taxes as provided in Title 15, chapter 31.

(2)The exemption provided for in this section:

(a)does not apply to an employer's share of employee payroll taxes that are used to finance state-mandated programs, including unemployment insurance and workers' compensation; and

(b)may be claimed only for income attributable to provi

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30-20-208 . (Temporary) Tax exemptions for providing loans to manufacturer of ammunition components -- conditions. (1) Subject to subsection (2), a lender or investor that provides loans to a person or entity in this state engaged in the primary business of the manufacture of ammunition components under the provisions of 30-20-207 is exempt from:
(a) individual income taxes as provided in Title 15, chapter 30; and
(b) corporate income or alternative corporate income taxes as provided in Title 15, chapter 31.
(2) The exemption provided for in this section:
(a) does not apply to an employer's share of employee payroll taxes that are used to finance state-mandated programs, including unemployment insurance and workers' compensation; and
(b) may be claimed only for income attributable to providing a bona fide loan in an arms' length transaction to a manufacturer of ammunition components that satisfies the conditions of 30-20-207 . (Terminates December 31, 2035--sec. 11, Ch. 675, L. 2025.)

Montana § 30-20-208 (Tax Exemptions For Providing Loans To Manufacturer Of Ammunition Components -- Conditions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.