This bill proposes revisions to the statute of limitations for income tax refunds and credits, aligning state law with the Internal Revenue Code. It amends Sections 15-30-2609 and 15-31-509 of the Montana Code Annotated (MCA) to ensure consistency with federal regulations regarding the time frame in which taxpayers can claim refunds or credits.

The bill aims to clarify and streamline the process for taxpayers seeking refunds or credits, thereby enhancing compliance and reducing confusion. It also establishes an effective date and an applicability date for the changes made, ensuring that the new provisions are implemented in a timely manner.

Statutes affected:
SB0065_1.pdf: 15-30-2609, 15-31-509
Introduced: 15-30-2609, 15-31-509