15-31-170. (Temporary) Credit for contributions to affordable housing revolving loan account . (1) A contribution to the affordable housing revolving loan account as provided in 15-30-181 by a small business corporation, as defined in 15-30-1101, a partnership, or a limited liability company, as defined in 35-8-102, carrying on any trade or business for which a deduction would be allowed under section 162 of the Internal Revenue Code, 26 U.S.C. 162, or carrying on any rental activity qualifies for the credit provided in 15-30-181.
     (2) If contributions to the affordable housing revolving loan account are claimed as a credit under 15-30-181 by a small business corporation, as defined in 15-30-1101, or a partnership, the credit must be attributed to shareholders or partners, using the same proportion used to report the corporation's or partnership's income or loss for Montana income tax purposes. (Terminates December 31, 2004--sec. 7, Ch. 411, L. 2001.)

     History: En. Sec. 2, Ch. 411, L. 2001.