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42.4.1603    PERIOD OF ELIGIBILITY

(1) As used in this sub-chapter, period of eligibility means:

(a) in the case of a new corporation, the consecutive three-year period during which a credit may be claimed, commencing from the initial act of doing business in Montana; or

(b) in the case of an expanding corporation, the consecutive three-year period during which a credit may be claimed, commencing with the increase in total full-time jobs by 30%.

(2) Those periods of time before actual production of a product, during which support, planning, construction of facilities, and other preparatory activities occur, shall be included in determining the period of eligibility.

History: Sec. 15-31-127 and 15-31-501, MCA; IMP, Sec. 15-31-124, MCA; NEW, Eff. 4/6/76; AMD, 2000 MAR p. 1346, Eff. 5/26/00; TRANS, from ARM 42.23.512, 2004 MAR p. 1965, Eff. 8/20/04.

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