Form Montana Rcyl - Recycle Credit/deduction - 2004
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2MONTANA
Recycle Credit/Deduction
RCYL
Rev. 8-04
Instructions on back
15-32-602 and 15-32-610, MCA
Name _______________________________________________________________________________________
(as shown on Montana individual income tax Form 2, or Montana corporation license tax Form CLT-4)
Business name (if different from above) ____________________________________________________________
Social Security Number or Federal Employer Identification Number ______________________________________
Check one
C. corporation
S. corporation
Partnership
Sole proprietorship
Part I - Qualifications
1. Was the qualifying machinery/equipment purchased on or after the first day of the current taxable year
and before the last date of the current taxable year? .................................................................................................
Yes
No
If you answer “no” to question 1, stop here. You do not qualify.
2. Is the machinery/equipment used in Montana primarily for collections or processing reclaimed material? ..........
Yes
No
3. Is the machinery/equipment used in Montana primarily for the manufacturing of finished products from
reclaimed materials? ..................................................................................................................................................
Yes
No
4. Is the machinery/equipment used to treat soils contaminated by hazardous wastes? ...........................................
Yes
No
5. Was the machinery/equipment located and operating in Montana on the last day of the taxable year
for which the credit is claimed? ..................................................................................................................................
Yes
No
If you answer “no” to questions 2, 3, and 4 or “no” to question 5, go to Part IV. You do not qualify for the credit.
Part II - For equipment used in Montana
6. Type and purpose of equipment ______________________________________________________________________________
________________________________________________________________________________________________________
7. Date of purchase ________________________________ (Please provide copy of sales receipt)
8. Cost of equipment (the total cost of equipment in Part II and Part III may not exceed $1,000,000) ......................... $ ____________
9. Computation of credit (multiply the cost of the equipment by the following percentages):
Multiply the first $250,000 by 25% (.25) ....................................................................................
___________
Multiply the next $250,000 by 15% (.15) ...................................................................................
___________
Multiply the next $500,000 by 5% (.05) ...................................................................................
___________
Total Credit ...................... $ ____________
Part III - For qualifying specialized mobile equipment used in and out of Montana
10.Type and purpose of equipment ______________________________________________________________________________
________________________________________________________________________________________________________
11. Date of purchase ________________________________ (please provide copy of sales receipt)
12.Cost of equipment (the total cost of equipment in Part II and Part III may not exceed $1,000,000) ......................... $ ____________
13.Number of days used in Montana ...................................
_____________
14.Total days used for the year .............................................
_____________
15.Divide amount on line 13 by amount on Line 14...............
_____________
16.Computation of credit:
Multiply the ratio on line 15 by 25% (.25) then multiply the first $250,000 of line 12 ...............
___________
Multiply the ratio on line 15 by 15% (.15) then multiply the next $250,000 of line 12 ..............
___________
Multiply the ratio on line 15 by 5% (.05) then multiply the next $500,000 of line 12 ...............
___________
Total Credit ...................... $ ____________
17.Total Credit Available (Amount from line 9 and/or line 16)
Enter this amount on Schedule II, Form 2A, for individuals or Schedule C, Form CLT-4 for corporations .............. $ ____________
Amount of credit may not exceed tax liability.
Part IV - Deduction for purchase of recycled material
18.Type of recycled material purchased __________________________________________________________________________
19.Cost of recycled material ........................................................................................................................................... $ ____________
20.Multiply the amount on line 19 by 10% (.10) and enter the result here. This is the amount of your additional deduction.
Enter on line 35, Form 2, for individuals and page 2, line 3c, Form CLT-4, for C. corporations ............................... $ ____________
When you file your Montana income tax return electronically you represent that you have retained all
134
documents required as a tax record and that you will provide a copy to the department upon request.
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