Montana Form Aepc - Alternative Energy Production Credit - 2014
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4MONTANA
CLEAR FORM
AEPC
Rev 05 14
2014 Alternative Energy Production Credit
15-32-401 through 15-32-407, MCA
Name (as it appears on your Montana tax return)
Social Security
Federal Employer
-
-
-
OR
Number
Identification Number
Then you need to complete:
If you are:
Part I
Part II
Part III
Part IV
Before you begin,
Receiving the credit from a
X
X
please review this
partnership or S corporation
chart to determine
An individual
X
X
X
which parts of this
A C corporation
X
X
X
form you need to
*
complete.
A partnership
X
X
An S corporation
X
X
*
*
A partnership or S corporation with income from both qualifying and nonqualifying sources will
have to complete the Income Allocation Worksheet, lines 18 through 24, in Part IV.
Part I. Qualifications (C corporations, S corporations, partnerships and individuals)
You must answer yes to questions 1 and 2 in order to qualify for this credit.
1. I made at least a $5,000 investment in depreciable property that is a commercial
or net metering system located in Montana that generates energy by means of an
alternate renewable energy source.
Yes
No
2. I have taxes due as a consequence of taxable or net income produced by at least
one of the following (mark whichever applies to you):
Yes
No
Manufacturing plant(s) located in Montana that produces alternative energy generating equipment; or
New business facility or the expanded portion of an existing business facility for which the alternative energy
generating equipment supplies, on a direct contract sales basis, the basic energy needed for the facility (please
include a copy of the contract); or
The alternative energy generating equipment in which the investment for which a credit is being claimed was
made.
Part II. Credit Calculation (C corporations, S corporations, partnerships and individuals)
Please provide the location of your alternative energy producing assets _______________________________________
3. Enter the amount of your eligible alternative energy equipment investment .................................. 3.
4. Enter the amount of any grants you received ................................................................................. 4.
5. Subtract line 4 from line 3 ............................................................................................................... 5.
6. Multiply line 5 by 35% (0.35) .......................................................................................................... 6.
7. Enter any remaining alternative energy production credit carryforward amount from previous
years ............................................................................................................................................... 7.
8. Add lines 6 and 7, and enter the result here. This is your total alternative energy production
credit for 2014 before limitation. Continue to Part IV ...................................................................... 8.
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