Empowerment Zone Tax Credit (Montana)
Last modified on February 12, 2015.
|Applies to States or Provinces||Montana|
|Name||Empowerment Zone Tax Credit (Montana)|
|Policy Category||Financial Incentive|
|Policy Type||Corporate Tax Incentive|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy|
|Implementing Sector|| State/Province
|Program Administrator||Montana Department of Revenue|
|Primary Website|| http://revenue.mt.gov/Portals/9/businesses/TaxIncentives_Relief/businesstax_incentives/Corporate_Tax%20Incentives_Credits.pdf
|Last Review|| 2014-09-15
The Empowerment Zone Tax Credit allows for eligible businesses located in such zones a $500 credit against income tax liability for each qualifying employee the first year, $1,000 for the second year and $1,500 for the third year of employment. If the credit exceeds the taxpayers' income tax liability, the credit may be carried forward 7 years and carried back 3 years. In addition to the income tax credits, the employer is also entitled to a credit against the taxes imposed by the insurance premium tax.
|Department|| Montana Department of Revenue
|Place|| Helena, Montana
Authorities (Please contact the if there are any file problems.)
|Authority 1:|| 15-31-134 MCA