Montana taxable income definition

Montana taxable income means federal taxable income as determined for federal income tax
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Montana taxable income means federal taxable income as determined for federal income tax purposes and adjusted as provided in [section 1].
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Montana taxable income means federal taxable income as determined for federal income tax purposes and adjusted as provided in [section 1 of Senate Bill No. 171].
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Examples of Montana taxable income in a sentence

  • Adjustments to federal taxable income to determine Montana taxable income.

  • The amount of tax must be is determined from Montana taxable income of an estate or trust in the same manner as the tax on taxable income of individuals, by applying the rates contained in 15-30-103 15-30-103(1)(d).

  • The amount of tax must be is determined from Montana taxable income of an estate or trust in the same manner as the tax on taxable income of individuals, as adjusted in [section 1] by applying the rates contained in 15-30-2103.

  • Nonresidents calculate their total taxable income in the same manner as residents do, but the total taxable income is then multiplied by the ratio of Montana source income to total income from all sources in order to arrive at Montana taxable income.

  • In order to make the election the taxpayer must be eligible to claim an exclusion from adjusted gross Montana taxable income for thecontribution as provided in 15-30-2110 [section 1].

  • The amount of tax must be is determined from Montana taxable income of an estate or trust as adjusted in [section 1] in the same manner as the tax on taxable income of individuals, by applying the rates contained in 15-30-2103.

  • A person may in any year deposit into an individual trust or savings account up to $3,000 that is deductible for tax purposes under 15-30-111(2)(l) excluded from Montana taxable income to pay the qualified higher education expenses for the benefit of a designated beneficiary." Section 35.

  • The portion of a recapturable withdrawal that is allocated to contributions must be treated as derived first from contributions, if any, that did not reduce adjusted gross Montana taxable income, to the extent of those contributions, and then to contributions that reduced adjusted gross Montana taxable income.

  • Enter this amount on line 8, page 3 of the CLT-4.) (6f) Montana taxable income (Subtract line (6e) from line (6d) and enter result.)(6g) Total Montana Taxable Income(Add all columns on line (6f) and enter result.

  • Use the instructions on page 11 of this booklet to complete Schedule K-Combined.If you are claiming a net operating loss carryover deduction from a prior period, you will need to provide the loss detail calculated on a separate entity basis.Line 9 – Montana Taxable IncomeSubtract any loss reported on line 8 from line 7 and enter the Montana taxable income on this line.

Related to Montana taxable income

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • MUNICIPAL TAXABLE INCOME means the following:

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Base taxable value means the agreed value specified in a resolution or interlocal agreement under Subsection 17C-1-102(8) from which tax increment will be collected.

  • Apportionable income means the gross income of the business taxable under the service classifications of a city's gross receipts tax, including income received from activities outside the city if the income would be taxable under the service classification if received from activities within the city, less any exemptions or deductions available.

  • Taxable value shall have the meaning assigned to such term in Section 1.04(10) of the TEXAS TAX CODE.

  • Taxable Period means any taxable year or any other period that is treated as a taxable year, with respect to which any Tax may be imposed under any applicable statute, rule, or regulation.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Disposable income means that part of the income due and payable of any individual remaining

  • casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent or in any other capacity, in the taxable territory where he has no fixed place of business;