Montana § 15-31-321 Definitions

Montana Statutes

§ 15-31-321 — Definitions

Montana·Title 15 TAXATION·Ch. 31 CORPORATE INCOME TAX OR ALTERNATIVE CORPORATE INCOME TAX·Part 3 Allocation and Apportionment of Income

15-31-321 . Definitions. As used in 15-31-321 through 15-31-326 , unless the context requires otherwise, the following definitions apply:

(1)"Affiliated corporation" means a United States parent corporation and any subsidiary of which more than 50% of the voting stock is owned directly or indirectly by another corporate member of the water's-edge combined group.

(2)"United States" means the 50 states of the United States, the District of Columbia, and any territory or possession of the United States.

(3)"Water's-edge combined group" means all corporations or entities included in the election of a taxpayer under 15-31-322 .

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15-31-321 . Definitions. As used in 15-31-321 through 15-31-326 , unless the context requires otherwise, the following definitions apply:
(1) "Affiliated corporation" means a United States parent corporation and any subsidiary of which more than 50% of the voting stock is owned directly or indirectly by another corporate member of the water's-edge combined group.
(2) "United States" means the 50 states of the United States, the District of Columbia, and any territory or possession of the United States.
(3) "Water's-edge combined group" means all corporations or entities included in the election of a taxpayer under 15-31-322 .

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