Montana Form Hi - 2008 Health Insurance For Uninsured Montana Credit With Instructions
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1
2MONTANA
HI
Rev. 10-08
2008 Health Insurance for Uninsured Montanans Credit
15-30-129 and 15-31-132, MCA
Name (as it appears on your tax return) _______________________________________________________
Your Social Security Number or Federal Employer Identifi cation Number _____________________________
If this credit is passed through to you from a partnership or S corporation, please indicate the name of the
partnership or S corporation, FEIN, and your percentage of ownership in the partnership or S corporation.
Name ____________________________________ FEIN ____________________ % of Ownership _______
Part I. Qualifi cations
To qualify for this credit you will have to answer “Yes” to each of the three statements below. A “No” answer
means you are not eligible for this credit.
• I have been in business in Montana for at least 12 months. ....................
Yes
No
• I employ 20 or fewer employees who work at least 20 hours per week. ..
Yes
No
• I pay at least 50% of each Montana employee’s insurance premium. .....
Yes
No
Part II. Credit Computation
This tax credit is limited to a maximum of 10 employees.
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7
Multiply the
Multiply the
Multiply the
Enter the
amount in
amount in
amount in
Enter the
Enter the
percentage
Column
Column
Column
This is your
number
employee’s
of
2 by the
1 by the
4 by the
maximum
of months
Employee
monthly
premiums
amount in
amount in
amount in
monthly
each
premium
paid by
Column 3
Column 5
Column 5
credit.
employee
amount.
you as an
and enter
and enter
and enter
is insured.
employer.
the result
the result
the result
here.
here.
here.
1.
$25
2.
$25
3.
$25
4.
$25
5.
$25
6.
$25
7.
$25
8.
$25
9.
$25
10.
$25
Total
1. Multiply the total of column 6 by 50% (0.50) and enter the result here. ......................................... 1.
2. Enter the total of column 7 here. .................................................................................................... 2.
3. Enter the smaller of line 1 or line 2 here and on Form 2, Schedule V, for individuals; Form CLT-4,
Schedule C, for C corporations, Form CLT-4S, Schedule II, for S corporations, or Form PR-1,
Schedule II, for partnerships. This is your health insurance for uninsured Montanans credit. 3.
When you fi le 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.
121
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