{"data":{"id":"us-mt/30-20-208","jurisdiction":"us-mt","citation":"30-20-208","heading":"(Temporary) Tax exemptions for providing loans to manufacturer of ammunition components -- conditions.","body":"(1) Subject to subsection (2), a lender or investor that provides loans to a person or entity in this state engaged in the primary business of the manufacture of ammunition components under the provisions of 30-20-207 is exempt from:\n(a) individual income taxes as provided in Title 15, chapter 30; and\n(b) corporate income or alternative corporate income taxes as provided in Title 15, chapter 31.\n(2) The exemption provided for in this section:\n(a) does not apply to an employer's share of employee payroll taxes that are used to finance state-mandated programs, including unemployment insurance and workers' compensation; and\n(b) may be claimed only for income attributable to providing a bona fide loan in an arms' length transaction to a manufacturer of ammunition components that satisfies the conditions of 30-20-207. (Terminates December 31, 2035--sec. 11, Ch. 675, L. 2025.)","path":["TITLE 30. TRADE AND COMMERCE","CHAPTER 20. FIREARMS AND AMMUNITION MADE IN MONTANA","Part 2. Montana Ammunition Availability Act"],"source_url":"https://mca.legmt.gov/bills/mca/title_0300/chapter_0200/part_0020/section_0080/0300-0200-0020-0080.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:51:41Z","sha256":"e742c523857e2aa115b7066eedef3f740cdcfed575123e8939eb89c3a47a693d","source_id":"us-mt","stale":false,"prev":"us-mt/30-20-207","next":"us-mt/30-20-301"},"notice":"GroundRules: Original legal text. Not legal advice."}