Administrative Rules of Montana
Department 42 - REVENUE
Chapter 42.26 - CORPORATE MULTISTATE ACTIVITIES
Subchapter 42.26.2 - Income Allocation and Apportionment
Rule 42.26.251 - RECEIPTS FACTOR IN GENERAL
Current through Register Vol. 6, March 22, 2024
(1) Section 15-31-302, MCA, defines the term "receipts" to mean all gross receipts of the taxpayer not allocated under 15-31-304, MCA. Thus, for the purposes of the receipts factor of the apportionment formula for each trade or business of the taxpayer, the term "receipts" means all gross receipts derived by a taxpayer from transactions and activity in the regular course of such trade or business.
(2) The following are procedures for determining "receipts" in various situations:
(3) In some cases, certain gross receipts should be disregarded in determining the "receipts" factor in order that the apportionment formula will operate fairly to apportion to this state the income of the taxpayer's trade or business as set forth in ARM 42.26.263.
(4) "Gross premium receipts" are all receipts paid in by the subscribers to the various coverages offered by the company, and are assigned to the state of the domicile of the subscriber. In the case of a group policy, the assignment is to the state of the domicile of the employer-agent who collects and remits the premiums to the company.
AUTH: 15-1-201, 15-31-313, 15-31-501, MCA; IMP: 15-1-601, 15-31-305, 15-31-310, 15-31-311, MCA