Montana Recycle Credit
Article ID: 34309

Question

Montana Recycle Credit

Answer

You can claim a credit against your income tax liability for the investment that your business makes in depreciable equipment or machinery that you use to collect, process or manufacture a product from reclaimed material. Your credit is equal to 25% of the first $250,000 invested in the property, 15% of the next $250,000 invested, and 5% of the next $500,000 invested. You are not entitled to any additional credit for property that exceeds $1 million.

related articles

How do I file a credit for employer Social Security and Medicare taxes paid on certain employee tips
Am I eligible to claim the Foreign Tax Credit?
Who is eligible to claim the Retirement Savings Contribution Credit?
Illinois Property Index Number
Montana Alternative Fuel Credit
Montana College Contribution Credit
Should I take a credit or an adjustment for my tuition and fees?
EIC Earned Income Credit
Foreign Tax Credit
Personal Property Taxes

Article Details

Views: 561	Created on: Jun 15, 2013 Date updated: Nov 10, 2014
Posted in: OLTPRO WEB SOFTWARE USAGE

Poor 12345 Outstanding