Montana bill proposes mandatory worldwide reporting


Effective upon becoming law, Senate Bill 208 would remove the taxpayer election to report as a water's-edge group and would therefore require worldwide combined reporting for a unitary group of taxpayers. A water's-edge election made prior to the bill's effective date would remain in effect until its three-year term expires. Should it become law, the bill would have a significant impact on those taxpayers currently taking a water's-edge election, taxpayers that expect to enjoy international growth, and international businesses with Montana reporting exposure.

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