RCYL Recycle Credit/Deduction (2019)

Description

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.

Related Laws

15-32-6, MCA

ARM 42.4.26

 

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