Montana § 72-16-1006 - Duty To Claim Maximum Credit
Full text of Montana Montana Code Annotated § 72-16-1006 — Duty To Claim Maximum Credit, with citation guidance and answers to common questions.
§ 72-16-1006. Duty To Claim Maximum Credit
Duty to claim maximum credit. A person liable for payment of the tax imposed under 72-16-1002 shall claim the maximum federal credit allowable for the portion of the state generation-skipping transfer tax paid with respect to property included in a taxable generation-skipping transfer. A person claiming less than the maximum federal credit allowable is liable for the full amount of the tax imposed under 72-16-1002 .
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 72-16-1006
What does Montana Code Annotated § 72-16-1006 cover?
Section 72-16-1006 ("Duty To Claim Maximum Credit") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 72-16-1006?
A common citation format is "Montana Code Annotated § 72-16-1006" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 72-16-1006 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.