Montana Code 15-30-3704. Tax on qualifying net capital gains
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15-30-3704. Tax on qualifying net capital gains. Subject to the conditions of 15-30-3703, an alternative tax rate of 0% is imposed on the net long-term capital gain that is attributable to the sale or exchange of capital stock of a corporation.
Terms Used In Montana Code 15-30-3704
- Capital stock: means voting or nonvoting common or preferred stock acquired as the result of employment or service as an employee or director with a corporation. See Montana Code 15-30-3702
- Net long-term capital gain: has the meaning provided in section 1222(7) of the Internal Revenue Code, 26 U. See Montana Code 15-30-3702