New or Expanding Industries Tax Credit (Montana)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Montana



Name New or Expanding Industries Tax Credit (Montana)
Policy Category Financial Incentive
Policy Type Property 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
Active Policy Yes
Implementing Sector State/Province















Primary Website http://revenue.mt.gov/Portals/9/businesses/TaxIncentives_Relief/businesstax_incentives/PropertyTax_Incentives-Credit.pdf


Last Review 2014-09-15



Summary

Under the New or Expanding Industries Tax Credit, property used by certain new or expanding industries is eligible for reduced taxable valuation (up to 50% of their taxable value for the first 5 years) during the first 9 years after construction or expansion. Industry includes firms that engage in a variety of activities, including the production of renewable energy.


<metadesc> New or Expanding Industries Tax Credit (Montana): energy incentive program. </metadesc>

Policy Contact

Department Montana Department of Revenue


Place Helena, Montana



Website http://revenue.mt.gov/


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

Authority 1: 15-24-1402 MCA


















References