Montana HB665 exempts volunteer officers of small nonprofits from personal liability for unpaid tax withholding.
Montana HB665 amends state law to protect volunteer officers of small nonprofit corporations from personal liability for unpaid tax withholding. This protection applies to nonprofits with no more than 10 paid employees, excluding those who receive compensation or if the corporation is out of compliance for over 12 months. The bill also clarifies that individual liability remains unaffected by corporate bankruptcy.
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