Montana § 15-32-103 Deduction For Energy-Conserving Investments

Montana Statutes

§ 15-32-103 — Deduction For Energy-Conserving Investments

Montana § 15-32-103

Title 15TAXATION

Ch. 32ENERGY-RELATED AND ECOLOGICAL TAX INCENTIVES

Part 1Investment in Energy Conservation or Alternative Energy

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Bluebook

Mont. Code Ann. § 15-32-103 (2026).

Text

15-32-103 . Deduction for energy-conserving investments.

(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:

(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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15-32-103 . Deduction for energy-conserving investments. (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:
(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.

Legislative History

En. 84-7403 by Sec. 3, Ch. 548, L. 1975; amd. Sec. 1, Ch. 576, L. 1977; R.C.M. 1947, 84-7403; amd. Sec. 5, Ch. 480, L. 1981; amd. Sec. 1, Ch. 133, L. 1989; amd. Sec. 179, Ch. 56, L. 2009.