Incentives Directory
15-31-124 - New or expanded industry tax credit
Businesses engaged in the production of energy by means of an alternative renewable energy source are eligible for the new or expanded industry tax credit against corporate income tax. To be considered an expanding industry, total full-time jobs must increase by 30 percent or more. The credit is equal to 1 percent of new wages paid in state during the first three years of operation. No carryback or carryover is allowed for this credit.
Category: MT State Programs, Renewable Energy Incentives
More MT State Programs, Renewable Energy Incentives
Generating plants producing 1 megawatt or more by means of an alternative renewable energy source are eligible for the new or expanded industry property tax reduction on the local mill levy during the first nine years of operation, subject to approval by the local government...
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Generating plants producing 1 megawatt or more by means of an alternative renewable energy source are eligible for the new or expanded industry property tax reduction on the local mill levy during the first nine years of operation, subject to approval by the local government...
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A resident individual taxpayer who installs a geothermal or geothermal heat-pump system in the taxpayer's principal dwelling, or the builder of a house, can claim a tax credit based on the installation costs of the system, not to exceed $1,500. Credit not used in th...
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Resident individuals may claim an income tax credit of up to $500 for installing a recognized nonfossil form of energy generation or heating, including low-emission wood or biomass combustion devices, in their principal residence. If necessary, the credit may be carried over for up t...
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Commercial and net metering alternative energy investments of $5,000 or more are eligible for up to 35 percent tax credit against individual or corporate tax on income generated by the investment. The credit may only be taken against net income produced by the eligible equipmen...
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Transmission lines with firm contracts to carry electricity from certain renewable energy facilities are eligible to be classified as in class fourteen, which is taxed at 3 percent of its market value.
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Certain amounts ($20,000 for a single-family residential dwelling or $100,000 for all other structures) of the assessed value of non-fossil forms of energy generation equipment or low-emission wood or biomass combustors are exempt from property taxes for 10 years following installation.
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New generating facilities with nameplate capacity of less than 1 MW and using an alternative renewable energy source are exempt from property taxes for 5 years after start of operation.
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Electricity from wind generation on state lands is exempt from the wholesale energy transaction tax of $0.00015/kWh transmitted. Electricity from any source, including renewables, that is generated on a reservation is exempt if it is for delivery out of state. Electricity generated by a U...
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Program Overview
The Alternative Energy Revolving Loan Program (AERLP) provides low-interest loans to increase investments in alternative energy systems and energy conservation measures in Montana.
The AERLP was established by the 57th Montana Legislature in 2001 and is managed by the Montana Energy Office, a bureau o...
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The Community Development Division would like to invite you to participate in a public hearing on the DRAFT Application Guidelines for Community Development Block Grant program for both Public and Community Facilities and Housing. The draft documents are available at the links below:
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Overview
The Montana Main Street Program, established in 2005 and currently serving twenty-seven communities across the state, is a collaborative effort between the Community Development Division and the Montana Office of Tourism at the Montana Department of Commerce. The program helps communities strengthen and preserve thei...
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The Big Sky Economic Development Trust Fund Program (BSTF) provides state funds to promote long-term stable economic growth in Montana with financial assistance in the following two categories:
Economic Development Job Creation Projects
Job Creation funding is awarded to create good paying jobs for residents in basi...
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