Montana § 15-53-140 Credit For Taxes Paid On Worthless Account -- Taxes Paid If Account Collected

Montana Statutes

§ 15-53-140 — Credit For Taxes Paid On Worthless Account -- Taxes Paid If Account Collected

Montana § 15-53-140

Title 15TAXATION

Ch. 53RETAIL TELECOMMUNICATIONS EXCISE TAX

Part 1General Provisions

This text of Montana § 15-53-140 (Credit For Taxes Paid On Worthless Account -- Taxes Paid If Account Collected) 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. § 15-53-140 (2026).

Text

15-53-140 . Credit for taxes paid on worthless account -- taxes paid if account collected.

(1)The retail telecommunications excise taxes paid on an accrual basis by a telecommunications services provider filing a return under 15-53-139 on sales found to be worthless and actually deducted by the person as bad debt for federal income tax purposes may be credited on a subsequent payment of the tax.

(2)If the accounts are subsequently collected, the retail telecommunications excise tax must be paid on the amount collected.

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15-53-140 . Credit for taxes paid on worthless account -- taxes paid if account collected. (1) The retail telecommunications excise taxes paid on an accrual basis by a telecommunications services provider filing a return under 15-53-139 on sales found to be worthless and actually deducted by the person as bad debt for federal income tax purposes may be credited on a subsequent payment of the tax.
(2) If the accounts are subsequently collected, the retail telecommunications excise tax must be paid on the amount collected.