Montana Statutes

§ 15-30-2118 — Taxable Liability On Termination Of Independent Liability Fund

Montana·Title 15 TAXATION·Ch. 30 INDIVIDUAL INCOME TAX·Part 21 Rate and General Provisions
15-30-2118 . Taxable liability on termination of independent liability fund. If an independent liability fund established pursuant to Title 33, chapter 27, is terminated as provided in 33-27-119 , the income from the principal distributed pursuant to 33-27-119 (3) is taxable to that person or persons under the applicable provisions of this chapter.

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Legislative History

En. Sec. 18, Ch. 564, L. 1987; amd. Sec. 1, Ch. 111, L. 2001; Sec. 15-30-107 , MCA 2007; redes. 15-30-2118 by Sec. 1, Ch. 147, L. 2009.

Nearby Sections

15
§ 15-30-104
Repealed
§ 15-30-108
Terminated
§ 15-30-109
Reserved
§ 15-30-110
Repealed
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