15-32-106. Procedure for obtaining benefit of deduction. The department of revenue shall approve a deduction under 15-32-103 that demonstrably promotes energy conservation or uses a recognized nonfossil form of energy generation. The department of revenue may refer a deduction involving energy generation to the department of environmental quality for its advice, and the department of environmental quality shall respond within 60 days. The department of revenue may refer a deduction involving energy conservation to the department of labor and industry for its advice, and the department of labor and industry shall respond within 60 days. The department of revenue may deny a deduction that it finds to be impractical or ineffective.
History: En. 84-7404 by Sec. 4, Ch. 548, L. 1975; R.C.M. 1947, 84-7404; amd. Sec. 8, Ch. 480, L. 1981; amd. Sec. 2, Ch. 133, L. 1989; amd. Sec. 42, Ch. 418, L. 1995; amd. Sec. 1, Ch. 338, L. 2003; amd. Sec. 32, Ch. 503, L. 2021.
Structure Montana Code Annotated
Chapter 32. Energy-Related and Ecological Tax Incentives
Part 1. Investment in Energy Conservation or Alternative Energy
15-32-103. Deduction for energy-conserving investments
15-32-104. Limitations on deduction and credit
15-32-105. Application to new construction -- rules
15-32-106. Procedure for obtaining benefit of deduction