(1) "Department" means the department of revenue.
(2) "Expanding" means to expand or diversify a present operation to increase total full-time jobs by 30% or more.
(3) "Manufacturing" means:
(a) the process of mechanical or chemical transformation of materials or substances into new products, as described in the North American Industry Classification System Manual prepared by the United States office of management and budget; or
(b) the production of energy by means of an alternative renewable energy source as defined in 15-6-225.
(4) (a) "New corporation" means a corporation engaging in manufacturing for the first time in this state. A new corporation includes:
(i) a manufacturing corporation existing outside of Montana that enters into manufacturing in the state;
(ii) a nonmanufacturing corporation within the state that enters into manufacturing in the state; or
(iii) a corporation newly formed in Montana and entering into manufacturing operations in the state.
(b) A new corporation does not include:
(i) a corporation reorganized from a previously existing corporation that has been engaged in manufacturing in this state; or
(ii) a corporation created as a parent, subsidiary, or affiliate of an existing corporation that has been engaged in manufacturing in this state of which 20% or more of the ownership is held by the corporation or by the stockholders of the corporation.