You may use this form to figure and claim your recycling credit and deduction.
Eligibility
Individuals, corporations, partnerships, or small businesses
Qualifying Expenditures
Investments in depreciable equipment or machinery used in Montana to collect, process or manufacture a product from reclaimed material or depreciable property that treats soil contaminated or hazardous wastes.
Benefit
- 25% of the cost of the property on the first $250,000 invested;
- 15% of the cost of the property on the next $250,000 invested; and
- 5% of the cost of the property on the next $500,000 invested
A credit can’t be claimed for investments in depreciable property in excess of $1 million.