Form Osc - Oilseed Crushing And Biodiesel/biolubricant Production Facilities Credit - 2009

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MONTANA
OSC
Clear Form
Rev. 07-09
2009 Oilseed Crushing and Biodiesel/Biolubricant
Production Facilities Credit
15-32-701 and 15-32-702, MCA
Name (as it appears on your tax return) __________________________________________________________
Your Social Security Number or Federal Employer Identification Number ________________________________
If this credit was passed through to you from a partnership or S corporation, enter the name and FEIN of the partnership
or S corporation, and your percentage of ownership in the partnership or S corporation.
Name ___________________________________________ FEIN ______________ Percent of Ownership _________ %
Part I: Oilseed Crushing Facility Credit
Please enter the date that you began crushing oilseed _______________________________________________
In order to qualify for the oilseed crushing facilities credit, you must answer “Yes” to both of the following questions.
If you answer “No” to one or both of these questions, you do not qualify for this credit.
1. Is the machinery or equipment located in Montana used primarily to crush oilseed to be
q
q
Yes
No
used in the production of biodiesel or biolubricant? ......................................................................
2. Did you crush oilseed or manufacture a product from the oilseed during the year? .....................
q
q
Yes
No
3. List the property purchased that qualifies you for this credit. Attach a copy of your invoice that identifies the date
purchased, description of the property and the amount you paid for the property.
Date Purchased
Description of Property
Cost
a.
a.
b.
b.
c.
c.
4. Add lines 3a through 3c above and enter the result here .............................................................. 4.
5. Multiply the amount on line 4 by 15% (0.15) and enter the result here, but not more than
$500,000. This is your oilseed crushing facilities credit.......................................................... 5.
Part II: Biodiesel/Biolubricant Production Facility Credit
Please enter the date that you began producing biodiesel or biolubricant ________________________________
6. Enter the total cost of constructing a facility used to produce biodiesel/biolubricant. Attach all
supporting invoices, contracts, etc. that substantiate these costs ................................................. 6.
7. Enter the total cost of any equipment purchased to operate a facility used to produce biodiesel/
biolubricant. Attach all supporting invoices, contracts, etc. that substantiate the cost of this
equipment ......................................................................................................................................7.
8. Add lines 6 and 7 and enter the result here...................................................................................8.
9. Multiply the amount on line 8 by 15% (0.15) and enter the result here. This is your biodiesel/
biolubricant production facility credit. ......................................................................................9.
Part III: Combined Oilseed Crushing and Biodiesel/Biolubricant Production Facility Credit
10. Enter the amount of tax credit being carried forward from previous years. (Please attach a
schedule showing the years and amount of carryover.) .............................................................. 10.
11. Add the amounts on lines 5, 9 and 10 and enter the result here. This is your combined oilseed
crushing and biodiesel/biolubricant production facility credit. ............................................ 11.
• If you are an individual, enter the amount on line 11 above on Form 2, Schedule V.
• If you are a C corporation, enter the amount on line 11 above on Form CLT-4, Schedule C.
• If you are an S corporation, enter the amount on line 11 above on Form CLT-4S, Schedule II.
• If you are a Partnership, enter the amount on line 11 above on Form PR-1, Schedule II.
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.
169

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