Montana Form Aepc - 2005 Alternative Energy Production Credit
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12005 Alternative Energy Production Credit
MONTANA
15-32-402, MCA
AEPC
Rev. 12-05
Name (as it appears on your tax return)________________________________________________________
Your Social Security Number or Federal Employer Identification Number______________________________
If this credit is a pass-through to you from a partnership or S. corporation enter here the name, FEIN and your
percentage of ownership in the partnership or S. corporation.
_______________________________________________ FEIN_______________% of Ownership________
Location of your alternative energy producing assets.
1 Enter the amount of your eligible alternative energy equipment investment……………………..
1
2 Enter your Montana taxable income (Individuals, Form 2, line 45; C corporations Form CLT-4,
line 9)…………………………………………………………………………………………………………….. 2
3 Enter the net income attributable to eligible alternative energy equipment ……………………………
*If the alternative energy production income is part of a business with both qualifying and non-
qualifying income sources, the allocation schedule below must be used to calculate this
amount………………………………………………………………………………………………………….
3
4 Subtract the amount on line 3 from the amount on line 2 and enter the result here……………………. 4
5 Enter the total tax as shown on your return (Individuals, Form 2, line 46; C. corporations, Form CLT-
4, line 10.)……………………………………………………………………………………………………….. 5
6 Calculate the tax due for the income reported on line 4 (Individuals use tax table; C corporations use
6.75%)…
6
7 Subtract line 6 from line 5 to calculate income tax attributable to alternative energy production and
enter the result here……………………………………………………………………………………………. 7
8 Enter .35 (35%) of line 1 to calculate your Montana alternative energy system credit; include your
carryforward amount $___________ from previous years in your line 8 total. See instructions for
further carryforward information. This is your allowable alternative energy production credit.
Enter here and on your Form 2A, Schedule V, line 17 for individuals; Form CLT-4, Schedule C, line
8 for C corporations.
8
Income Allocation Schedule
c. Factor
a.
Total Income
b. Montana Income
(b) divided by (a) = (c)
9
Business property
$
Alternative energy related property
$
9
%
10 Business payroll
$
Alternative energy related payroll
$
10
%
11 Business sales
$
Alternative energy related sales
$
11
%
12 Enter the sum of the factors from lines 9, 10 and 11……………………………………………………...
12
13 Divide the amount from line 12 by 3 and enter the result here……………………………………………. 13
14 If you are an individual enter here the net income from your business
If you are a C corporation enter here your Montana taxable income from Form CLT-4, line 9………... 14
15 Multiply the amount on line 14 by the amount on line 13. This is your allocated energy
production income. Enter here and on line 3 above…………………………………………………….. 15
When you file your Montana income tax return electronically, you represent that you have retained all documents
required as a tax record and that you will provide a copy to the department upon request.
105
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