Montana Recycle Credit

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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.

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Article Details

Views: 1022	Created on: Jun 15, 2013 Date updated: Nov 10, 2014
Posted in: OLTPRO WEB SOFTWARE USAGE

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