{"data":{"id":"us-mt/15-31-121","jurisdiction":"us-mt","citation":"15-31-121","heading":"Rate of tax -- minimum tax -- distribution of revenue.","body":"(1) Except as provided in subsection (2), the percentage of net income to be paid under 15-31-101 is 6 3/4% of all net income for the tax period.\n(2) For a taxpayer making a water's-edge election, the percentage of net income to be paid under 15-31-101 is 7% of all taxable net income for the tax period.\n(3) Each corporation subject to taxation under this part shall pay a minimum tax of not less than $50.","path":["TITLE 15. TAXATION","CHAPTER 31. CORPORATE INCOME TAX OR ALTERNATIVE CORPORATE INCOME TAX","Part 1. Corporate Income Tax Rate and Return"],"source_url":"https://mca.legmt.gov/bills/mca/title_0150/chapter_0310/part_0010/section_0210/0150-0310-0010-0210.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:47:23Z","sha256":"d5c8534cf5f81a846fb2cd304e9ae16bab16f37e52af6852abf59f4bed08563e","source_id":"us-mt","stale":false,"prev":"us-mt/15-31-120","next":"us-mt/15-31-122"},"notice":"GroundRules: Original legal text. Not legal advice."}