Business Tax Incentives

• Reduced property assessment for new or expanding industries with a 5-10 year local program.
• New Industry Tax classification for qualifying new industries and new industrial property which lowers property tax under a three year state program.
• Reduced property tax rate for research and development firms, pollution control and electrolytic reduction equipment, and gasohol producing property.
• Reduced property assessments for remodeling, reconstruction or expansion or buildings or structures (local option).
• A wage-based tax credit for new or expanding manufacturing corporations producing a product new to Montana.
• Net operating loss carry backs and carry forward allowed on individual income tax and corporate license tax.
• Montana conforms with federal tax laws on depreciation of property for individual income and corporation tax purposes.
• A five year exemption from corporate income taxation for research and development firms organized to engage in business in Montana.
• Exemptions for investments in small business investments companies (SBICs).
• Freeport merchandise is exempt from property taxation.
• A subsidy for the production of fuel alcohol from Montana wood or agricultural products.
• Reduced property tax program for expanding resource value-adding companies.