Montana § 15-30-3702 Definitions

Montana Statutes

§ 15-30-3702 — Definitions

Montana § 15-30-3702

Title 15TAXATION

Ch. 30INDIVIDUAL INCOME TAX

Part 37Montana Entrepreneur Magnet Act

This text of Montana § 15-30-3702 (Definitions) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 15-30-3702 (2026).

Text

15-30-3702 . Definitions. As used in this part, the following definitions apply:

(1)(a) "Capital stock" means voting or nonvoting common or preferred stock acquired as the result of employment or service as an employee or director with a corporation.

(b)The term does not include stock rights or debt securities.

(2)(a) "Corporation" means a corporation, as defined in 15-30-2101 , including a unitary business, as described in 15-31-301 .

(b)The term includes a predecessor or successor corporation.

(c)The term does not include either a business entity or a business entity with a financial interest in another business entity that is directly or indirectly engaged in a business activity that is illegal under federal law, regardless of how the business entity is organized.

(3)"Net long-ter

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15-30-3702 . Definitions. As used in this part, the following definitions apply:
(1) (a) "Capital stock" means voting or nonvoting common or preferred stock acquired as the result of employment or service as an employee or director with a corporation.
(b) The term does not include stock rights or debt securities.
(2) (a) "Corporation" means a corporation, as defined in 15-30-2101 , including a unitary business, as described in 15-31-301 .
(b) The term includes a predecessor or successor corporation.
(c) The term does not include either a business entity or a business entity with a financial interest in another business entity that is directly or indirectly engaged in a business activity that is illegal under federal law, regardless of how the business entity is organized.
(3) "Net long-term capital gain" has the meaning provided in section 1222(7) of the Internal Revenue Code, 26 U.S.C. 1222(7).
(4) "Predecessor or successor corporation" means a corporation that was party to a reorganization that was entirely or substantially tax-free and that occurred during or after the employment of an individual claiming the rate under 15-30-3704 .