Property Tax Exemption
|Area of Interest||Renewable Energy|
The Renewable Energy Systems Exemption applies to non-fossil forms of energy generation equipment or low-emission wood or biomass combustors. These systems are exempt from property taxes for 10 years following installation. The exemption is for up to $20,000 for single-family residences or $100,000 for all other structures. This property is class 4 property and otherwise would be taxed on 3.07 percent of taxable market value in 2007 and 3.01 in 2008.
New generating facilities can also qualify for property tax exemptions (under 1 MW) or reduction in tax burden (facilities 1 MW or greater) for the first five years after installation.
|Eligible Organizations||Livestock Producer, Commercial/Industrial Business, Small Business|
|How to Apply||State property exemption form AB-14 is available on the Department of Environmental Quality's website listed below.|
|For More Information||http://deq.mt.gov/Energy/renewable/taxincentrenew.mcpx#15-6-224|
|Primary Contact||Georgia Brensdal
Montana Department of Environmental Quality Planning, Prevention & Assistance
1100 North Last Chance Gulch
P.O. Box 200902
Helena, MT 59620