{"data":{"id":"us-mt/15-31-401","jurisdiction":"us-mt","citation":"15-31-401","heading":"Application of corporate income tax and alternative corporate income tax.","body":"(1) It is the intent of the legislature that the corporate income tax must be applied to all corporations subject to taxation under part 1 of this chapter. Except as provided in subsection (2), the alternative corporate income tax provided by this part must be applied to corporations that are not taxable under part 1 of this chapter but are taxable under an income tax.\n(2) During its first 5 taxable years of activity in Montana, the net income earned from research and development activities by a research and development firm as described in 15-31-103 is not subject to either the corporate income tax provided in part 1 of this chapter or to the alternative corporate income tax provided in this part.","path":["TITLE 15. TAXATION","CHAPTER 31. CORPORATE INCOME TAX OR ALTERNATIVE CORPORATE INCOME TAX","Part 4. Alternative Corporate Income Tax"],"source_url":"https://mca.legmt.gov/bills/mca/title_0150/chapter_0310/part_0040/section_0010/0150-0310-0040-0010.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:47:25Z","sha256":"efc0ed903a518e9c90b6fe96918515f9779a5ab9184d66074a403a05364c0f88","source_id":"us-mt","stale":false,"prev":"us-mt/15-31-326","next":"us-mt/15-31-402"},"notice":"GroundRules: Original legal text. Not legal advice."}