HOME    SEARCH    ABOUT US    CONTACT US    HELP   
           
Rule: 42.26.228 Prev     Up     Next    
Rule Title: TREATMENT OF PARTNERSHIPS AND DISREGARDED ENTITIES IN THE APPORTIONMENT FORMULA
Add to My Favorites
Add to Favorites
Department: REVENUE, DEPARTMENT OF
Chapter: CORPORATE MULTISTATE ACTIVITIES
Subchapter: Income Allocation and Apportionment
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

Printer Friendly Version

42.26.228    TREATMENT OF PARTNERSHIPS AND DISREGARDED ENTITIES IN THE APPORTIONMENT FORMULA

(1) If the operations of a partnership or disregarded entity are unitary with the business operations of a corporate partner or disregarded entity owner, the corporate partner's or owner's pro rata share of the property, payroll, and sales of the partnership or disregarded entity will be included in the computation of the apportionment factors.

(2) The definition of unitary will be the same as the definition of a unitary business as outlined in 15-31-301, MCA.   However, the corporate partner or disregarded entity owner need not own in excess of 50% of the partnership or disregarded entity for the partnership or disregarded entity to be unitary.

History: Sec. 15-31-313 and 15-31-501, MCA; IMP, Sec. 15-31-305, MCA; NEW, 1988 MAR p. 1541, Eff. 7/15/88; AMD, 2001 MAR p. 2469, Eff. 12/21/01; AMD, 2002 MAR p. 3708, Eff. 12/27/02.


 

 
MAR Notices Effective From Effective To History Notes
12/27/2002 Current History: Sec. 15-31-313 and 15-31-501, MCA; IMP, Sec. 15-31-305, MCA; NEW, 1988 MAR p. 1541, Eff. 7/15/88; AMD, 2001 MAR p. 2469, Eff. 12/21/01; AMD, 2002 MAR p. 3708, Eff. 12/27/02.
Home  |   Search  |   About Us  |   Contact Us  |   Help  |   Disclaimer  |   Privacy & Security