Montana revises tax laws for captive and special purpose insurers under SB60
If the total taxes calculated under the bill amount to less than $5,000 in a given year, the captive insurance company must pay a minimum tax of $5,000. For captives newly authorized within a calendar year, the minimum tax is prorated by quarter: $5,000 if authorized in the first quarter; $3,750 in the second; $2,500 in the third; and $1,250 in the fourth. If a company surrenders its certificate during the year, the same schedule applies in reverse.
