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Rule Title: SPECIAL RULES RELATED TO INSTALLMENT SALES
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Department: REVENUE
Chapter: CORPORATE MULTISTATE ACTIVITIES
Subchapter: Special Rules Related to Installment Sales
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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42.26.401    SPECIAL RULES RELATED TO INSTALLMENT SALES

(1) The amount of the gain or loss from the sale of assets used in the regular course of business which is apportioned to this state shall be calculated separately if the taxpayer elects to report the gain on the installment method. The separate calculation shall be made:

(a) for installment sales of Montana assets which generate net gains in excess of $2,500,000; or

(b) installment sales of major assets located outside the state of Montana which generate net gains in excess of $10,000,000.

(2) The separate calculation shall be made as follows:

(a) for purposes of the receipts factor the total net gains from the sale shall be included in the receipts factor in the year of the sale unless specifically excluded from the receipts factor under another part of ARM 42.26.263;

(b) for purposes of calculating apportionable income from the installment sale, the factors of the year of sale shall be utilized in apportioning the gain regardless of the year in which the income is reported; and

(c) the factors of the year of sale shall be applied to the gain from the sale as it is reported by the taxpayer to determine the amount of apportionable income from the sale which is apportionable to this state, unless the gain is accelerated under ARM 42.26.276.

 

History: 15-31-313, 15-31-501, MCA; IMP, 15-31-305, MCA; NEW, 1988 MAR p. 2227, Eff. 7/15/88; AMD, 1993 MAR p. 572, Eff. 4/16/93; TRANS, from 42.26.275 and AMD, 2001 MAR p. 2469, Eff. 12/21/01; AMD, 2017 MAR p. 2328, Eff. 1/1/18.


 

 
MAR Notices Effective From Effective To History Notes
42-2-985 1/1/2018 Current History: 15-31-313, 15-31-501, MCA; IMP, 15-31-305, MCA; NEW, 1988 MAR p. 2227, Eff. 7/15/88; AMD, 1993 MAR p. 572, Eff. 4/16/93; TRANS, from 42.26.275 and AMD, 2001 MAR p. 2469, Eff. 12/21/01; AMD, 2017 MAR p. 2328, Eff. 1/1/18.
12/21/2001 1/1/2018 History: Sec. 15-31-313 and 15-31-501, MCA; IMP, Sec. 15-31-305, MCA; NEW, 1988 MAR p. 2227, Eff. 7/15/88; AMD, 1993 MAR p. 572, Eff. 4/16/93; TRANS, from 42.26.275 and AMD, 2001 MAR p. 2469, Eff. 12/21/01.
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