This credit was repealed by the 2021 Montana State Legislature. You may not claim this credit after Tax Year 2021. You may still carry forward any remaining tax credit until the carryforward period expires.
You may use this form to claim the mineral and coal exploration credit.
Eligibility
Individuals, corporations, partnerships, small business corporations or limited liability companies engaged in mineral exploration in Montana
Qualifying Expenditures
The cost of determining the existence, location, extent or quality of a mineral or coal deposit. The credit is available for both new mines and mines being reopened.
The Department of Revenue must certify the expenditures before you can qualify for the credit.
Benefit
Up to 50% of the tax liabilities for the tax year related to production from the mining operation where the exploration activities occurred.
Carry Over
Unused credit can be carried forward up to 15 years.