Montana § 15-30-3321 Small Business Option Unavailable On Dissolution -- Exception

Montana Statutes

§ 15-30-3321 — Small Business Option Unavailable On Dissolution -- Exception

Montana·Title 15 TAXATION·Ch. 30 INDIVIDUAL INCOME TAX·Part 33 Small Business and Pass-Through Entities

15-30-3321 . Small business option unavailable on dissolution -- exception. In the case of corporation dissolution, no benefits may be taken under the "small business act" or under any law or regulation shifting the tax to be paid from the corporation to the shareholders unless all shareholders agree to assume personal income tax liability the same as they would bear if they were residents of this state.

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15-30-3321 . Small business option unavailable on dissolution -- exception. In the case of corporation dissolution, no benefits may be taken under the "small business act" or under any law or regulation shifting the tax to be paid from the corporation to the shareholders unless all shareholders agree to assume personal income tax liability the same as they would bear if they were residents of this state.

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Legislative History

En. Sec. 2, Ch. 60, L. 1963; R.C.M. 1947, 84-1501.3; Sec. 15-31-203 , MCA 1999; redes. 15-30-1121 by Sec. 16(2), Ch. 143, L. 2001; Sec. 15-30-1121 , MCA 2007; redes. 15-30-3321 by Sec. 1, Ch. 147, L. 2009.