The state of Montana offers a variety of tax credits, reductions and rebates to provide incentives for companies to relocate to Montana and to expand or increase wages.
Film & TV Production Tax Credits
HB 584 created the “Big Sky on the Big Screen” Act which offers up to $1,000,000 in tax credits to film and TV productions that shoot in Montana. Detailed information on this program is available at www.montanafilm.com.
Corporate Tax Incentives
The New/Expanded Industry Credit is well suited to businesses seeking to open a new facility or expand an existing one. The features of the New/Expanded Industry Credit are:
- Eligibility: Manufacturing Companies
- Qualifying Expenditures: Increase total full-time employment by at least 30%
- Benefit: The total amount of the credit is 1% of the total wages paid to new employees. Credit is available during the first three years following initiation or expansion of the manufacturing operation. Credit limited to the year in which it is earned.
Natural Resource Tax Incentives
Natural resource tax incentives include certain exemptions from coal severance taxes, metal mine licence taxes, oil stripper well exemptions and reduced rates for certain types of oil and gas production.
Gasoline and Vehicle Tax Incentives
These incentives consist of a ethanol tax credit passed in the 2005 legislature. A bio-diesel blending and storage tax credit is available to some individuals, corporations, partnerships, or small business corporations as defined in statute. Those eligible may receive a credit against taxes imposed for the cost of storage and blending equipment to be used for blending bio-diesel with petroleum diesel.
Property Tax Incentives
Property tax incentives fall under three categories: property tax abatement, property tax exemptions, abd suspension/cancellation of delinquent property taxes.
Find more information on all tax incentive programs here.