Montana § 15-31-174 Corporate Income Tax Credit For Trades Education And Training

Montana Statutes

§ 15-31-174 — Corporate Income Tax Credit For Trades Education And Training

Montana § 15-31-174

Title 15TAXATION

Ch. 31CORPORATE INCOME TAX OR ALTERNATIVE CORPORATE INCOME TAX

Part 1Corporate Income Tax Rate and Return

This text of Montana § 15-31-174 (Corporate Income Tax Credit For Trades Education And Training) 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. § 15-31-174 (2026).

Text

15-31-174 . (Temporary) Corporate income tax credit for trades education and training.

(1)There is a tax credit against the taxes otherwise imposed by 15-31-101 , 15-31-121 , and 15-31-122 that is allowable in the amount established pursuant to 15-30-2359 for qualified education and training expenses incurred by an employer for the benefit of an employee. The credit is administered as provided in 15-30-2359 and this section.

(2)If the credit allowed under 15-30-2359 and this section is claimed by a small business corporation as defined in 15-30-3301 , a pass-through entity, or a partnership, the credit must be attributed to shareholders, owners, or partners using the same proportion as used to report the entity's income or loss. (Terminates December 31, 2028--sec. 2, Ch. 576, L. 2023.)

Free access — add to your briefcase to read the full text and ask questions with AI

15-31-174 . (Temporary) Corporate income tax credit for trades education and training. (1) There is a tax credit against the taxes otherwise imposed by 15-31-101 , 15-31-121 , and 15-31-122 that is allowable in the amount established pursuant to 15-30-2359 for qualified education and training expenses incurred by an employer for the benefit of an employee. The credit is administered as provided in 15-30-2359 and this section.
(2) If the credit allowed under 15-30-2359 and this section is claimed by a small business corporation as defined in 15-30-3301 , a pass-through entity, or a partnership, the credit must be attributed to shareholders, owners, or partners using the same proportion as used to report the entity's income or loss. (Terminates December 31, 2028--sec. 2, Ch. 576, L. 2023.)