Statutes, codes, and regulations
Montana Code
Title 15 - TAXATIONChapter 31 - CORPORATE INCOME TAX OR ALTERNATIVE CORPORATE INCOME TAX
Part 1 - CORPORATE INCOME TAX RATE AND RETURN
Section 15-31-118 - Taxable liability on termination of independent liability fund

Mont. Code § 15-31-118

Download
PDF
Current through the 2023 Regular Session
Section 15-31-118 - Taxable liability on termination of independent liability fund

If an independent liability fund established pursuant to Title 33, chapter 27, is terminated as provided in 33-27-119, the income from the principal distributed pursuant to 33-27-119(3) is taxable to that person or persons under the applicable provisions of this chapter.

§ 15-31-118, MCA

En. Sec. 18, Ch. 564, L. 1987; amd. Sec. 2, Ch. 111, L. 2001.