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|
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|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||15-24-1402 MCA|