15-30-2342. Credit for preservation of historic buildings, MCA
  1. MCA Contents
  2. TITLE 15
  3. CHAPTER 30
  4. Part 23
  5. 15-30-2342 Credit for preservation of historic buildings

Montana Code Annotated 2017

TITLE 15. TAXATION

CHAPTER 30. INDIVIDUAL INCOME TAX

Part 23. Specific Tax Credits and Tax Checkoffs

Credit For Preservation Of Historic Buildings

15-30-2342. Credit for preservation of historic buildings. (1) There is allowed as a credit against the taxes imposed by 15-30-2103 a percentage of the credit allowed for qualified rehabilitation expenditures with respect to any certified historic building located in Montana as provided in 15-31-151.

(2) The credit may not be allocated between spouses unless the property is used by a small business corporation or a partnership in which they are shareholders or partners.

History: En. Sec. 2, Ch. 545, L. 1997; amd. Sec. 1, Ch. 538, L. 2001; Sec. 15-30-180, MCA 2007; redes. 15-30-2342 by Sec. 1, Ch. 147, L. 2009.