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From Open Energy Information
| Alternative Energy Investment Tax Credit (Corporate) (Montana) |
| EZFeed/Relevant | Yes + |
|---|---|
| Incentive/Active | true + |
| Incentive/Amt | 35%; participant investment must be greater than or equal to 5,000. + |
| Incentive/ApplDsc | Commercial + , Industrial + |
| Incentive/AuthCode | MCA § 15-32-401 et seq. + |
| Incentive/AuthDtEff | 2002-01-01 + |
| Incentive/AuthDtEnact | 2001-05-05 + |
| Incentive/AuthExpireDt | None + |
| Incentive/AuthLink | http://leg.mt.gov/bills/mca/15/32/15-32-401.htm + |
| Incentive/CarOvProv | Unused credit may be carried forward 7 years. See below for criteria to qualify for a 15-year carryover. + |
| Incentive/Cont2Addr | 1520 East Sixth Ave. + |
| Incentive/Cont2Addr2 | PO Box 200901 + |
| Incentive/Cont2Dept | Montana Department of Environmental Quality + |
| Incentive/Cont2Div | Energy Planning & Renewable Energy + |
| Incentive/Cont2Email | kmontgomery@mt.gov + |
| Incentive/Cont2Name | Kathi Montgomery + |
| Incentive/Cont2Phone | (406) 444-6586 + |
| Incentive/Cont2Place | Helena, Montana + |
| Incentive/Cont2Website | http://deq.mt.gov/energy/default.mcpx + |
| Incentive/Cont2Zip | 59620 + |
| Incentive/ContAddr | P.O. Box 5805 + |
| Incentive/ContDept | Montana Department of Revenue + |
| Incentive/ContEmail | DORCustomerAssistance@mt.gov + |
| Incentive/ContName | Information Specialist - MT Dept. of Rev. + |
| Incentive/ContPhone | (406) 444-6900 + |
| Incentive/ContPlace | Helena, Montana + |
| Incentive/ContWebsite | https://revenue.mt.gov/ + |
| Incentive/ContZip | 59604-5805 + |
| Incentive/EligSysSize | Not specified. + |
| Incentive/EnergyCat | Renewable Energy Incentive Programs + |
| Incentive/EquipReqs | System must be new and in compliance with all applicable performance and safety standards. + |
| Incentive/ExpireDtString | None + |
| Incentive/ImplSector | State/Territory + |
| Incentive/MaxInc | Not specified. + |
| Incentive/Name | Alternative Energy Investment Tax Credit (Corporate) + |
| Incentive/ProgAdmin | Montana Department of Revenue + |
| Incentive/StartDate | January 1, 2002 + |
| Incentive/StartDateString | 2002-01-01 + |
| Incentive/Summary |
Commercial and net metering alternative en … Commercial and net metering alternative energy investments of $5,000 or more are eligible for a tax credit of up to 35% against individual or corporate tax on income generated by the investment. The investment must be depreciable. The credit is applied only against taxes due as a consequence of taxable or net income produced by:
* A manufacturing plant that is located in Montana and that produces alternative energy generating equipment;
* A new business facility or the expanded portion of an existing business facility that supplies basic energy needed from the alternative energy generating equipment, on a direct contract sales basis; or
* The alternative energy generating equipment itself.
This credit is available to taxpayers purchasing an existing facility as well as to those building a new facility. While net metered systems are eligible, the tax credit is only for any income generated by the system.<br> <br>
A "net metering system" means a facility for the production of electrical energy that:<br>
(a) uses solar, wind, or hydropower for fuel;<br>
(b) has a generating capacity of 50 kilowatts or less;<br>
(c) is located on the customer-generator's premises;<br>
(d) operates in parallel with the utility's distribution facilities; and<br>
(e) is intended primarily to offset part or all of the customer-generator's requirements for electricity.<br> <br>
The tax credit must be taken the year the equipment is placed in service; however, any portion of the tax credit that exceeds the amount of tax to be paid may be carried over and applied against state tax liability for the following 7 years. If a project sized 5 megawatts (MW) or larger is installed on an Indian reservation in Montana, a credit may be extended through the 15th tax year succeeding the tax year of installation, provided that the installation meets other specified criteria.<br> <br>
Taxpayers may not take this credit in conjunction with any other state energy or state investment tax benefits, or with the property tax exemption for non-fossil energy property. exemption for non-fossil energy property. +
|
| Incentive/TechDsc | Biomass + , Fuel Cells using Renewable Fuels + , Geothermal Electric + , Landfill Gas + , Photovoltaics + , Small Hydroelectric + , Solar Thermal Electric + , Wind + |
| Incentive/Type | Corporate Tax Credit + |
| OpenEI/PageDescription | Alternative Energy Investment Tax Credit (Corporate): energy incentive program. + |
| OpenEI/PageKeyword | Energy Incentives + , Montana + , Corporate Tax Credit + , Montana Department of Revenue + |
| Place | Montana: Energy Resources + |
| Website | http://www.deq.mt.gov/Energy/renewable/taxincentrenew.mcpx#15-32-401 + |
| Has processing error "Has processing error" is a predefined property provided by Semantic MediaWiki and represents errors that appeared in connection with improper value annotations or input processing.
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Alternative Energy Investment Tax Credit (Corporate) (Montana) + |
| Categories | Financial Incentive Programs , Incentive with Contacts , Incentive with Authorities , Pages with reference errors |
| Modification date "Modification date" is a predefined property that corresponds to the date of the last modification of a subject and is provided by Semantic MediaWiki.
|
17:52:03, 12 February 2015 + |
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