Generation Facility Corporate Tax Exemptions

Last updated: August 09, 2019

Program Overview

Implementing Sector:State
Category:Financial Incentive
State:Montana
Incentive Type:Property Tax Incentive
Web Site:http://www.deq.mt.gov/Energy/renewable/taxincentrenew.mcpx#15-6-225
Eligible Renewable/Other Technologies:Geothermal Electric, Solar Thermal Electric, Solar Photovoltaics, Wind (All), Biomass, Landfill Gas, Wind (Small), Hydroelectric (Small), Fuel Cells using Renewable Fuels
Incentive Amount:100% exemption for 5 years
Eligible System Size:Up to 1 MW nameplate capacity

Authorities

Name:MCA § 15-6-225
Date Enacted:2001
Expiration Date:none

Incentives

Technologies:Geothermal Electric, Solar Thermal Electric, Solar Photovoltaics, Wind (All), Biomass, Landfill Gas, Wind (Small), Hydroelectric (Small), Fuel Cells using Renewable Fuels
Sectors:Commercial, Industrial
Parameters:The incentive is 100.00 %, The incentive has a maximum of 5.00 Years, The system size has a maximum of 1.00 MW

Summary

New electricity generating facilities built in Montana with a capacity of up to one megawatt (MW) that use an alternative renewable energy source are exempt from property taxes for five years after operation begins. The taxable value of the property varies depending on the property ownership and class. The assessed value of personal property is adjusted yearly based on a trend factor that reflects the relevant rate of inflation and on the Montana Department of Revenue’s depreciation schedule. State property tax exemption forms are available at the Department of Revenue’s county office.

"Alternative renewable energy source" includes energy sources such as solar energy, wind energy, geothermal energy, conversion of biomass, fuel cells that do not require hydrocarbon fuel, small hydroelectric generators, and methane from solid waste that is used to generate energy in a useful form, including electricity.

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