Exploration Incentive Tax Credit (Montana)

From Open Energy Information

Last modified on February 12, 2015.

EZFeed Policy

Place Montana

Applies to States or Provinces Montana
Name Exploration Incentive Tax Credit (Montana)
Policy Category Financial Incentive
Policy Type Personal Tax Incentives
Affected Technologies Coal with CCS
Active Policy Yes
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 Mineral and Coal Exploration Incentive Tax Credit provides tax incentives to entities conducting exploration for minerals and coal. Expenditures related to the following activities are eligible for tax incentives:

    (a) surveying by geophysical or geochemical methods;
    (b) drilling exploration holes;
    (c) conducting underground exploration;
    (d) surface trenching and bulk sampling; or
    (e) performing other exploratory work, including aerial photographs, geological and geophysical logging, sample analysis, and metallurgical testing.

Some exceptions apply. The credit may not exceed 50% of the person's tax liability. A credit for each distinct mining operation may not exceed a total of $20 million for all exploration activities and accrues at the rate of 50% of the certified expenditures each year. The credit must be applied within 15 tax years after the taking of the credit. However, the tax year or years in which the credit is applied need not be the tax year in which the person first incurs liability for payment of tax based on the person's activity that is the basis of the claim for the credit; or consecutive tax years.

Policy Contact

Department Montana Department of Revenue
Address Sam W. Mitchell Bldg.
Address 2 125 N. Roberts, 3rd Floor
Place Helena, Montana

Authorities (Please contact the if there are any file problems.)

Authority 1: 15-32-5 MCA