Montana Code 15-68-510. Vendor allowance
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15-68-510. Vendor allowance. (1) A person filing a timely return under 15-68-502 may claim a quarterly vendor allowance for each permitted location in the amount of 5% of the tax determined to be payable to the state.
Terms Used In Montana Code 15-68-510
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(2)The allowance may be deducted on the return.
(3)A person that files a return or payment after the due date for the return or payment may not claim a vendor allowance.