§ 15-30-3301 Definition of small business corporation
§ 15-30-3302 Income or license tax involving pass-through entities — information returns required
§ 15-30-3311 Taxation of partners, shareholders, managers, and members
§ 15-30-3312 Composite returns and tax
§ 15-30-3313 Consent or withholding — rulemaking
§ 15-30-3314 Review of pass-through entity taxation by department
§ 15-30-3315 Electronic partnership return required — waiver — rulemaking
§ 15-30-3321 Small business option unavailable on dissolution — exception
§ 15-30-3325 Definitions
§ 15-30-3326 Pass-through entity tax
§ 15-30-3327 Making pass-through entity tax election
§ 15-30-3328 Pass-through entity tax — refundable credit — credit for taxes paid to another state

Terms Used In Montana Code > Title 15 > Chapter 30 > Part 33 - Small Business and Pass-Through Entities

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • 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
  • Writing: includes printing. See Montana Code 1-1-203