Montana Title 15. Taxation § 15-32-103. Deduction for energy-conserving investments

Current as of January 01, 2024 | Updated by Findlaw Staff

(1) In addition to all other deductions from gross corporate income allowed in computing net income under chapter 31, part 1, a taxpayer may deduct a portion of the taxpayer's expenditure for a capital investment in a building for an energy conservation purpose, in accordance with the following schedule:

	If the installation or investment is made in a residential building:	If the installation or investment is made in a building not used as a residence:
	100% of first $1,000 expended	100% of first $2,000 expended
	50% of next $1,000 expended	50% of next $2,000 expended
	20% of next $1,000 expended	20% of next $2,000 expended
	10% of next $1,000 expended	10% of next $2,000 expended

(2) This tax treatment is subject to approval of the department, as provided in 15-32-106, and may not be claimed for so much of the expenditure and capital investment as is financed by a state, federal, or private grant for energy conservation.

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Cite this article: FindLaw.com - Montana Title 15. Taxation § 15-32-103. Deduction for energy-conserving investments - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-15-taxation/mt-st-15-32-103/

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