Legislative Budget Analysis Special Session August 2002 for the Fiscal 2003 Budget : General Fund Revenue Estimates 2002
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Applicable Tax Rate(s): N/A Distribution: The county treasurer apportions federal forest receipts in the following manner. Not more than 20% and not less than 15% is distributed to county government for special projects on federal land. Of the remainder: 66 2/3% goes to the general fund of the county 33 1/3% goes to the following countywide accounts, based on the mill ratios of each to total mills in the current year: county equalization accounts (55 mills) county transportation account county ...retirement accounts FINANCIAL CORPORATION TAX Revenue Description: The corporation income tax is levied against a corporation's net income earned in Montana. Some of these corporations are banks, savings and loans, and financial corporations. Factors that affect financial corporation license tax receipts include the health of the state economy, the spread between interest rates, and loan default rates. Additional factors that affect corporation license tax receipts include tax credits and the audit efforts by the Department of Revenue.
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