2005 Montana Code Annotated - 15-31-910 — Denial of claim for credit - recapture.

     15-31-910. (Temporary) Denial of claim for credit -- recapture. A taxpayer whose state-certified production has been revoked as provided in 15-31-904(5) may not claim the credits allowed under 15-31-907 and 15-31-908. If the department of commerce revokes the state certification of a production company after the production company has taken a credit under 15-31-907 or 15-31-908, the production company shall refund the amount of any credits taken. The taxpayer is subject to the penalty and interest provisions of this chapter. (Terminates January 1, 2010--sec. 17, Ch. 593, L. 2005.)

     History: En. Sec. 10, Ch. 593, L. 2005.