New or Expanding Industries Tax Credit (Montana)
Last modified on February 12, 2015.
|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|
|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
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.
|Department|| Montana Department of Revenue
|Place|| Helena, Montana
Authorities (Please contact the if there are any file problems.)
|Authority 1:|| 15-24-1402 MCA