{"data":{"id":"us-mt/15-30-3702","jurisdiction":"us-mt","citation":"15-30-3702","heading":"Definitions.","body":"As used in this part, the following definitions apply:\n(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.\n(b) The term does not include stock rights or debt securities.\n(2) (a) \"Corporation\" means a corporation, as defined in 15-30-2101, including a unitary business, as described in 15-31-301.\n(b) The term includes a predecessor or successor corporation.\n(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.\n(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).\n(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.","path":["TITLE 15. TAXATION","CHAPTER 30. INDIVIDUAL INCOME TAX","Part 37. Montana Entrepreneur Magnet Act"],"source_url":"https://mca.legmt.gov/bills/mca/title_0150/chapter_0300/part_0370/section_0020/0150-0300-0370-0020.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:47:22Z","sha256":"6f73d335ba0c1c93f040e1632d87a5c137bf81d9645aca04e680077bde6e9bf9","source_id":"us-mt","stale":false,"prev":"us-mt/15-30-3701","next":"us-mt/15-30-3703"},"notice":"GroundRules: Original legal text. Not legal advice."}