15-31-171. Tax credit for providing emergency lodging. (1) There is a credit for taxes otherwise due under this chapter for participation in the emergency lodging program established in 50-51-114.

(2) The tax credit is:

(a) equal to $30 for each day of lodging provided; and

(b) limited to a maximum of 5 nights' lodging for each individual or family per calendar year.

(3) The credit may be claimed only for lodging provided in Montana.

(4) If the amount of the credit exceeds the taxpayer's liability under this chapter, the amount of the excess must be refunded to the taxpayer. The credit may be claimed even if the taxpayer has no tax liability.

(5) If the credit allowed under this section is claimed by a small business corporation, as defined in 15-30-3301, or a partnership, the credit must be attributed to shareholders or partners, using the same proportion to report the corporation's or partnership's income or loss for Montana income tax purposes.