Breakthrough Technologies Institute - Fuel Cells 2000

POWER GENERATION
Alternative Energy Production Credit
www.deq.state.mt.us/Energy/renewable/TaxIncentRenew.asp
Commercial and net metering alternative energy investments of $5,000 or more are
eligible for a tax credit of up to 35% against individual or corporate tax on income
generated by the investment. The credit may only be taken against net income produced
by the eligible equipment or by associated new business activity, that is, it must be a
commercial operation. Associated facilities, manufacturing plants producing the
alternative energy equipment and industries using the energy generated may use the tax
credit. The tax credit must be taken the year the equipment is placed in service;
however, any portion of the tax credit that exceeds the amount of tax to be paid may be
carried over and applied against state tax liability for the following 7 years. A project on
a reservation may carry the credit over for 15 years, if it has an employment agreement
with the tribal government. Taxpayers may not take this credit in conjunction with any
other state energy or state investment tax benefits, or with the property tax exemption for
nonfossil energy property 15-6-201(4). This credit is available to taxpayers purchasing
an existing facility as well as to those building a new facility. The corporate tax rate is
6.75%. Fuel cells powered by non-hydrocarbon fuels are eligible.
Contact:
Montana Department of Revenue
P.O. Box 5805
Helena, MT 59604-5805
Phone: (406) 444-6900
E-mail: http://sos.state.mt.us/css/index.asp
Web site: www.state.mt.us/revenue
Residential Alternative Energy System Tax Credit
http://data.opi.state.mt.us/bills/mca_toc/15_32_2.htm
http://mt.gov/REVENUE/energyconservation.asp
Residential taxpayers who install an energy system using a recognized non-fossil form
of energy on their home are eligible for a tax credit equal to the amount of the cost of the
system and installation of the system, not to exceed $500. The tax credit may be carried
over for the next four taxable years.
Recognized non-fossil forms of energy generation means a system that captures energy
or converts energy sources into usable sources, including electricity, by using solar
energy, including passive solar systems; wind; solid waste; decomposition of organic
wastes; geothermal; fuel cells that do not require hydrocarbon fuel; or an alternative
energy system.
Contact:
Montana Department of Revenue
P.O. Box 5805
Helena, MT 59604-5805
Phone: (406) 444-6900
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