Montana Code 15-32-103. Deduction for energy-conserving investments
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:
| If the installation or investment | If the installation or investment is made |
| is made in a residential building: | in a building not used as a residence: |
| 100% of first $1,000 expended | 100% of first $2,000 expended |
| 50% of next $1,000 expended | 50% of next $2,000 expended |
| 20% of next $1,000 expended | 20% of next $2,000 expended |
| 10% of next $1,000 expended | 10% of next $2,000 expended |
Terms Used In Montana Code 15-32-103
- Building: means :
(a)a single or multiple dwelling, including a mobile home or manufactured home; or
(b)a building used for commercial, industrial, or agricultural purposes that is enclosed with walls and a roof. See Montana Code 15-32-102
- Capital investment: means any material or equipment purchased and installed in a building or land with or without improvements. See Montana Code 15-32-102
- Energy conservation purpose: means one or both of the following results of an investment:
(a)reducing the waste or dissipation of energy; or
(b)reducing the amount of energy required to accomplish a given quantity of work. See Montana Code 15-32-102