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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  +
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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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