2007 Montana Legislature

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SENATE BILL NO. 378

INTRODUCED BY K. GILLAN

 

AN ACT PROVIDING THAT, FOR INDIVIDUAL INCOME TAXES AND CORPORATE LICENSE AND INCOME TAXES, IF A TERM IS NOT DEFINED, THEN THE DEFINITION IN THE INTERNAL REVENUE CODE APPLIES; AMENDING SECTIONS 15-30-305 AND 15-31-501, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE AND A RETROACTIVE APPLICABILITY DATE.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:

 

     Section 1.  Section 15-30-305, MCA, is amended to read:

     "15-30-305.  Department rules -- conformance with Internal Revenue Code. (1) The department is hereby authorized to make such may adopt rules and to may require such facts and information to be reported as it may deem considers necessary to enforce the provisions of this chapter.

     (2) If a term is not defined in this chapter, the term has the same meaning as it does when used in a comparable context in the Internal Revenue Code."

 

     Section 2.  Section 15-31-501, MCA, is amended to read:

     "15-31-501.  Department rules -- conformance with Internal Revenue Code. (1) The department of revenue shall have power to prescribe forms for returns and notices and such other regulations as may from time to time be found necessary for the purpose of carrying into effect the provisions of this chapter.

     (2) If a term is not defined in this chapter, the term has the same meaning as it does when used in a comparable context in the Internal Revenue Code."

 

     Section 3.  Effective date. [This act] is effective on passage and approval.

 

     Section 4.  Retroactive applicability. [This act] applies retroactively, within the meaning of 1-2-109, to tax years beginning after December 31, 2006.

- END -

 


Latest Version of SB 378 (SB0378.ENR)
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