Fillable Montana Form Rcyl - Recycle Credit/deduction

MONTANA

CLEAR FORM

RCYL

2009 Recycle Credit/Deduction

Rev. 09-09

15-32-603 and 15-32-610, MCA

Name _______________________________________________________________________________________________

Address _____________________________________________________________________________________________

City, State, Zip ________________________________________________________________________________________

SSN or FEIN _______________________________

Business name (if different from above) ______________________________________________________

 C corporation

 S corporation

 Partnership

 Sole proprietorship

Check one

Part I - Qualiﬁ cations

1. Was the qualifying machinery/equipment purchased on or after the ﬁ rst day of the current taxable year

 No

and before the last date of the current taxable year?................................................................................................... Yes

2. Was the machinery/equipment located and operating in Montana on the last day of the taxable year

 No

for which the credit is claimed? .................................................................................................................................... Yes

If you answered “No” to questions 1 or 2, stop here. You do not qualify.

 No

3. Is the machinery/equipment used in Montana to produce energy from reclaimed material? ....................................... Yes

If you answered “Yes” to question 3, stop here. You do not qualify.

4. If you answered “No” to all of the following questions (a, b and c), you do not qualify.

 No

a. Is the machinery/equipment used in Montana primarily for collections or processing reclaimed material? ............. Yes

b. Is the machinery/equipment used in Montana primarily for the manufacturing of ﬁ nished products from

 No

reclaimed materials? ................................................................................................................................................ Yes

 No

c. Is the machinery/equipment used to treat soils contaminated by hazardous wastes? ............................................ Yes

If you do not qualify for the credit, go to Part IV.

Part II - For equipment used in Montana

1. Type and purpose of equipment _______________________________________________________________________________

________________________________________________________________________________________________________

2. Date of purchase _________________________________ (A copy of sales receipt is required.)

3. Cost of equipment (the total cost of equipment in Part II and Part III may not exceed $1,000,000) ............................$ ____________

4. Computation of credit (multiply the cost of the equipment by the following percentages):

Multiply the ﬁ rst $250,000 by 25% (0.25) ..................................................................................

____________

Multiply the next $250,000 by 15% (0.15) .................................................................................

____________

Multiply the next $500,000 by 5% (0.05) ...................................................................................

____________

Total Credit ........................$ ____________

Part III - For qualifying specialized mobile equipment used in and out of Montana

1. Type and purpose of equipment _______________________________________________________________________________

________________________________________________________________________________________________________

2. Date of purchase _________________________________ (A copy of sales receipt is required.)

3. Cost of equipment (the total cost of equipment in Part II and Part III may not exceed $1,000,000) ............................$ ____________

4. Number of days used in Montana ......................................

_____________

5. Total days used for the year ...............................................

_____________

6. Divide amount on line 4 by amount on line 5 .....................

_____________

7. Computation of credit:

Multiply the ratio on line 6 by 25% (0.25) then multiply the ﬁ rst $250,000 of line 3 ...................

____________

Multiply the ratio on line 6 by 15% (0.15) then multiply the next $250,000 of line 3 ..................

____________

Multiply the ratio on line 6 by 5% (0.05) then multiply the next $500,000 of line 3 ....................

____________

Total Credit ........................$ ____________

8. Total Credit Available (amount from Part II, line 4 and/or Part III, line 7). Enter this amount on Form 2, Schedule V,

for individuals; Form CLT-4, Schedule C, for C corporations; or Schedule II for partnerships and S corporations. .....$ ____________

Amount of credit may not exceed tax liability.

Part IV - Deduction for purchase of recycled material

1. Type of recycled material purchased ___________________________________________________________________________

2. Cost of recycled material..............................................................................................................................................$ ____________

3. Multiply the amount on line 2 by 10% (0.10) and enter the result here. This is the amount of your additional

deduction. Enter on Form 2, Schedule II, for individuals; Form CLT-4, page 3, line 3c, for C corporations; Form

CLT-4S, line 16b, for S corporations; and Form PR-1, line 17b, for partnerships. .......................................................$ ____________

134

Montana Form Rcyl - Recycle Credit/deduction - 2009

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