Corporate Income Tax Credit for Alternative Fuel Motor Vehicle Conversion (Montana)

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Summary

Last modified on May 24, 2011.

Financial Incentive Program

Place Montana

Name Corporate Income Tax Credit for Alternative Fuel Motor Vehicle Conversion
Incentive Type Corporate Tax Credit
Applicable Sector Commercial, Industrial
Eligible Technologies Renewable Fuel Vehicles
Active Incentive No

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount Up to 50% of the equipment and labor costs incurred

Carryover Provisions No carryback or carryforward of the credit.













Maximum Incentive 500 for vehicle with a gross weight of 10,000 pounds or less or 1,000 for heavier vehicles










Program Administrator Montana Department of Revenue
Website http://www.deq.state.mt.us/energy/Renewable/TaxIncentRenew.asp#15-30-164
Date added to DSIRE 2003-01-08
Last DSIRE Review 2004-06-08



References DSIRE[1]


Summary

An individual or business is allowed a state income tax credit for equipment and labor costs incurred to convert a motor vehicle licensed in Montana to operate on alternative fuel. The maximum credit that may be claimed in a year is up to 50% of the equipment and labor costs incurred but no more than $500 for conversion of a vehicle with a gross weight of 10,000 pounds or less or $1,000 for heavier vehicles. "Alternative fuel" means natural gas, liquefied petroleum gas, liquefied natural gas, hydrogen, electricity or any other fuel if at least 85% of the fuel is methanol, ethanol or other alcohol, ether, or any combination of them. The credit allowed under this section may not exceed the taxpayer's income tax liability and there is no carryback or carryforward of the credit.

Use Department of Revenue form AFCR to claim this exemption.


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

Authority 1: 15-30-164 MCA

Date Enacted 1993


















Incentive Contact

Contact Name Information Specialist - MT Dept. of Rev.
Department Montana Department of Revenue

Address P.O. Box 5805

Place Helena, Montana
Zip/Postal Code 59604-5805
Phone (406) 444-6900



Website http://mt.gov/revenue/
     
     

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"