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Rule Title: MONTANA ADJUSTED GROSS INCOME TO BE USED WHEN CALCULATING ITEMIZED DEDUCTIONS
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Department: REVENUE
Chapter: INCOME TAX
Subchapter: Deductions
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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42.15.525    MONTANA ADJUSTED GROSS INCOME TO BE USED WHEN CALCULATING ITEMIZED DEDUCTIONS

(1) Except as provided in (2), when the deductions allowed under 15-30-2131, MCA, are limited to a percent of adjusted gross income by reference to the IRC, Montana adjusted gross income must be used when calculating the deductions limitation for the Montana return. Montana adjusted gross income is defined in 15-30-2110, MCA.

(2) Taxpayers who are allowed a deduction for mortgage insurance premiums paid under IRC, 26 U.S.C. 163, may use their federal adjusted gross income when computing the allowable amount for the Montana return.

History: 15-30-2620, MCA; IMP, 15-30-2132, MCA; Eff. 12/31/72; AMD, Eff. 11/3/75; AMD, 1982 MAR, p. 10, Eff. 1/15/82; AMD, 1983 MAR p. 1465, Eff. 10/14/83; AMD and TRANS, from ARM 42.15.421, 2004 MAR p. 3147, Eff. 12/17/04; AMD, 2010 MAR p. 1088, Eff. 4/30/10.


 

 
MAR Notices Effective From Effective To History Notes
42-2-820 4/30/2010 Current History: 15-30-2620, MCA; IMP, 15-30-2132, MCA; Eff. 12/31/72; AMD, Eff. 11/3/75; AMD, 1982 MAR, p. 10, Eff. 1/15/82; AMD, 1983 MAR p. 1465, Eff. 10/14/83; AMD and TRANS, from ARM 42.15.421, 2004 MAR p. 3147, Eff. 12/17/04; AMD, 2010 MAR p. 1088, Eff. 4/30/10.
42-2-789 2/1/2008 4/30/2010 History: 15-30-305, MCA; IMP, 15-30-121, MCA; NEW, 1984 MAR p. 2033, Eff. 12/28/84; AMD and TRANS, from ARM 42.15.423, 2004 MAR p. 3147, Eff. 12/17/04; AMD, 2008 MAR p. 178, Eff. 2/1/08.
12/17/2004 2/1/2008 History: Sec. 15-30-305, MCA; IMP, Sec. 15-30-121, MCA; NEW, 1984 MAR p. 2033, Eff. 12/28/84; AMD and TRANS, from ARM 42.15.423, 2004 MAR p. 3147, Eff. 12/17/04.
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