15-30-3701. Short title

15-30-3701. Short title. This part may be cited as the “Montana Entrepreneur Magnet Act”. History: En. Sec. 1, Ch. 458, L. 2021.

15-30-3702. Definitions

15-30-3702. Definitions. As used in this part, the following definitions apply: (1) (a) ”Capital stock” means voting or nonvoting common or preferred stock acquired as the result of employment or service as an employee or director with a corporation. (b) The term does not include stock rights or debt securities. (2) (a) ”Corporation” means a corporation, as defined in 15-30-2101, including […]

15-30-3703. Taxation of qualifying net capital gains from sale of capital stock — conditions — rulemaking

15-30-3703. Taxation of qualifying net capital gains from sale of capital stock — conditions — rulemaking. (1) For a taxpayer to qualify for the tax rate under 15-30-3704, as of the date on which the sale or exchange of capital stock is made by the taxpayer, the corporation must have: (a) at least 60 consecutive months of […]

15-30-3704. Tax on qualifying net capital gains

15-30-3704. Tax on qualifying net capital gains. Subject to the conditions of 15-30-3703, an alternative tax rate of 0% is imposed on the net long-term capital gain that is attributable to the sale or exchange of capital stock of a corporation. History: En. Sec. 4, Ch. 458, L. 2021.