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Mont. Code Ann. § 15-53-140

Credit for taxes paid on worthless account -- taxes paid if account collected

Known as the Retail Telecommunications Excise Tax Act

The act spans §§ 15-53-101 to 15-53-156 (37 sections).

En

(1) The retail telecommunications excise taxes paid on an accrual basis by a telecommunications services provider filing a return under 15-53-139 on sales found to be worthless and actually deducted by the person as bad debt for federal income tax purposes may be credited on a subsequent payment of the tax.

(2) If the accounts are subsequently collected, the retail telecommunications excise tax must be paid on the amount collected.

Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.