Form Aepc - Alternative Energy Production Credit
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1MONTANA
AEPC
Alternative Energy Production Credit
Rev. 8-02
Tax Year
_______
Instructions on back
15-32-401 through 407, MCA
Name as shown on return
Federal ID Number
Social Security Number
1. Enter location of alternative energy producing assets____________________________________________________
2. Enter amount of eligible alternative energy equipment investment.....................................
2.
3. Enter amount of federal wind energy credit claimed..........................................................
3.
4. Montana taxable income (Individuals-Form 2, Line 41; Corporations Form CLT-4, Line 9).............
4.
Enter either adjusted gross income attributable to eligible alternative energy
5.
equipment (if filing a Montana Individual Income Tax return) or net income
attributable to eligible alternative energy equipment (if filing Montana
Corporation License Tax return) *If the alternative energy production income
is from a business, a portion of which qualifies and a portion which does not , the
allocation schedule below must be used to calculate this line...........................................
5.
6. Subtract line 5 from line 4..................................................................................................
6.
7. Enter total tax as shown on return (Individuals-Form 2, Line 42;
Corporations Form CLT-4, Line 10)...............................................................................
7.
8. Calculate tax amount on line 6, (Individual use tax table; Corporations use 6.75%)...............
8.
9. Subtract line 8 from line 7 to calculate income tax attributable to alternative
energy production. ............................................................................................................
9.
10. Enter 35% (.35) of line 2 to calculate Montana alternative energy system credit;
Include carryforward amount $__________from previous years in line 10 total.
See instructions for further carryforward information.......................................................
10.
11. Enter 60% (.60) of line 2...................................................................................................
11.
.
12. Enter amount of federal wind energy credit from line 3 above..........................................
12.
13. Subtract line 12 from line 11.............................................................................................
13.
14. Allowable credit for this tax year - the lesser of line 9, line 10 or line 13.
Enter here and on Form 2A, Schedule II for individuals;
Form CLT-4, Schedule C for Corporations. *See instructions for definition of certain
taxpayers whose credit is the lesser of line 9 or 10.........................................................
14.
Income Allocation Schedule
c. Factor
a. Total
b. Montana
(b) divided by (a) = (c)
a. Business Property $
Alternative Energy Related Property $
%
b.
Business Payroll
$
Alternative Energy Related Payroll $
%
c.
Business Sales
$
Alternative Energy Related Sales
$
%
d. Sum of Factors (Lines 1, 2, & 3)............................................................................................................
%
%
e. One third of line 4...................................................................................................................................
f.
For Individuals enter adjusted gross income from business; Corporations enter the
net income from line 9, Form CLT-4.....................................................................................................$
g. Allocated alternative energy production income
(Line f times line e. Enter here and on line 5 above. .......................................................................... $
Attach this form to your return
105
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