Montana Code 72-16-1003. Returns — payment
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72-16-1003. Returns — payment. (1) A person required to file a return reporting a generation-skipping transfer under federal law shall file a duplicate of the federal return with the department and shall file any other information as the department may require. The return must be filed on or before the last day allowed for filing the federal return. A copy of amended or supplemental federal returns must be submitted to the department at the time it is filed with the internal revenue service.
Terms Used In Montana Code 72-16-1003
- Department: means the department of revenue provided for in 2-15-1301. See Montana Code 72-16-1001
- Generation-skipping transfer: means the generation-skipping transfer defined in section 2611, Internal Revenue Code, when the original transferor is a resident of Montana on the date of the original transfer or when the property is real or personal property located in Montana. See Montana Code 72-16-1001
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
(2)The tax imposed by 72-16-1002 must be paid on or before the deadline for filing the return. The tax must be paid to the department and deposited in the general fund.