MONTANA
Clear Form
BBSC
Rev 04 11
2011 Biodiesel Blending and Storage Credit
15-32-703, MCA
Name (as it appears on your Montana tax return)
Social Security
Federal Employer
-
-
-
OR
Number
Identifi cation Number
If this credit is passed through to you from a partnership or S corporation, enter the entity’s name and FEIN. If a
partnership, enter the percentage used to report the partnership’s income or loss for Montana tax purposes; if an S
corporation, enter the pro rata share of the corporation’s cost of investing in the biodiesel blending facility.
Name ___________________________________ FEIN
Percentage _______ %
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Part I. Biodiesel Blending and Storage Credit
Please enter the date that you began blending biodiesel for sale _______________________________________
To qualify for the biodiesel blending and storage credit, you are required to answer “Yes” to all three of the following
questions.
1. Did you blend biodiesel with petroleum diesel for sale during this year? ....................................... 1.
Yes
No
2. Is the storage and blending equipment you purchased used in Montana primarily to blend
biodiesel with petroleum diesel?..................................................................................................... 2.
Yes
No
3. Is the biodiesel you blend with petroleum diesel made entirely from Montana-produced
feedstocks? .................................................................................................................................... 3.
Yes
No
Part II. Credit Computation
Please include a copy of your invoice(s) that identifi es for each piece of storage and blending equipment included in
lines 1 or 3, the date purchased, description of the equipment and the amount you paid for the equipment.
If you are a distributor applying for this credit:
1. Enter the cost of storage and blending equipment that you purchased that qualifi es for this
credit. (Amounts included here cannot also be included on line 3.) ............................................... 1.
2. Multiply the amount on line 1 by 15% (0.15) and enter the result here, but not more than
$52,500........................................................................................................................................... 2.
If you own a motor fuels outlet and are applying for this credit:
3. Enter the cost of storage and blending equipment that you purchased that qualifi es for this
credit. (Amounts included here cannot also be included on line 1.) ............................................... 3.
4. Multiply the amount on line 3 by 15% (0.15) and enter the result here, but not more than
$7,500. ........................................................................................................................................... 4.
5. Enter the amount of tax credit being carried forward from previous years. (Please include a
schedule showing years and amounts of carryforward.) ................................................................ 5.
6. Add the amounts on lines 2, 4 and 5 and enter the result here. This is your biodiesel
blending and storage credit. ....................................................................................................... 6.
Where to Report Your Credit
►Individuals: Form 2, Schedule V
►S corporations: Form CLT-4S, Schedule II
►C corporations: Form CLT-4, Schedule C
►Partnerships: Form PR-1, Schedule II
If you fi le your Montana tax return electronically, you do not need to mail this form to us unless we ask you for a copy. When you fi le electronically, you
represent that you have retained the required documents in your tax records and will provide them upon the department’s request.
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