Montana § 15-30-2105 Tax On Lump-Sum Distributions

Montana Statutes

§ 15-30-2105 — Tax On Lump-Sum Distributions

Montana § 15-30-2105

Title 15TAXATION

Ch. 30INDIVIDUAL INCOME TAX

Part 21Rate and General Provisions

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Bluebook

Mont. Code Ann. § 15-30-2105 (2026).

Text

15-30-2105 . Tax on lump-sum distributions.

(1)A separate tax is imposed on that portion of a lump-sum distribution for which a deduction was allowed by section 62(a)(8) of the Internal Revenue Code (now repealed).

(2)The tax is 10% of the amount of tax determined under section 402(d) of the Internal Revenue Code that was in effect and applicable to a distribution before amendment by section 1401 of Public Law 104-188.

(3)All means available for the administration and enforcement of income taxes must be applied to the tax on lump-sum distributions.

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15-30-2105 . Tax on lump-sum distributions. (1) A separate tax is imposed on that portion of a lump-sum distribution for which a deduction was allowed by section 62(a)(8) of the Internal Revenue Code (now repealed).
(2) The tax is 10% of the amount of tax determined under section 402(d) of the Internal Revenue Code that was in effect and applicable to a distribution before amendment by section 1401 of Public Law 104-188.
(3) All means available for the administration and enforcement of income taxes must be applied to the tax on lump-sum distributions.

Legislative History

En. Sec. 1, Ch. 380, L. 1983; amd. Sec. 23, Ch. 114, L. 2003; amd. Sec. 1, Ch. 159, L. 2003; Sec. 15-30-106 , MCA 2007; redes. 15-30-2105 by Sec. 1, Ch. 147, L. 2009.