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This is an obsolete version of the rule. Please click on the rule number to view the current version.

42.15.213    SMALL BUSINESS CORPORATION DIVIDEND AND CAPITAL GAIN EXCLUSION

(1) Certain capital gain and dividend income realized by an individual from an investment in a small business investment company is exempt from taxation. The rules regarding small business investment companies are located in ARM Title 42, chapter 23, subchapter 1.

History: 15-30-2620, MCA; IMP, 15-33-2103, MCA; NEW, 2004 MAR p. 3147, Eff. 12/17/04; AMD, 2010 MAR p. 1088, Eff. 4/30/10.

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