Montana Form Aepc - 2007 Alternative Energy Production Credit
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1MONTANA
AEPC
Clear Form
Rev. 11-07
2007 Alternative Energy Production Credit
15-32-401-406, MCA
Name (as it appears on your tax return) ______________________________________________________________
Your Social Security Number or Federal Employer Identifi cation Number ____________________________________
If this credit is a pass-through to you from a partnership or S corporation, please indicate below the name, FEIN and your
percentage of ownership in the partnership or S corporation.
Name __________________________________________ FEIN ___________________ % of Ownership _________
Location of your alternative energy producing assets: ___________________________________________________
1. Enter the amount of your eligible alternative energy equipment investment ................................. 1.
2. Enter your Montana taxable income (Individuals, Form 2, line 45; C corporations Form CLT-4,
line 9) ............................................................................................................................................. 2.
3. Enter the net income attributable to eligible alternative energy equipment
* If the alternative energy production income is part of a business with both qualifying and
non-qualifying income sources, the allocation schedule below must be used to calculate this
amount ....................................................................................................................................... 3.
4. Subtract the amount on line 3 from the amount on line 2 and enter the result here ..................... 4.
5. Enter the total tax as shown on your return (Individuals, Form 2, line 46; C corporations, Form
CLT-4, line 10.) ..............................................................................................................................5.
6. Calculate the tax due for the income reported on line 4 (Individuals use tax table; C corporations
use 6.75%...................................................................................................................................... 6.
7. Subtract line 6 from line 5 to calculate income tax attributable to alternative energy production
and enter the result here. (The amount of credit applied may not exceed this amount.) .............. 7.
8. Enter .35 (35%) of line 1 to calculate your Montana alternative energy system credit; include your
carryforward amount $___________ from previous years in your line 8 total. See instructions for
further carryforward information. This is your allowable alternative energy production credit. Enter
here and on your Form 2, Schedule V, line 17 for individuals; Form CLT-4, Schedule C, line 8 for
C corporations ............................................................................................................................... 8.
Income Allocation Schedule
b. Montana
c. Factor
a. Total Factors
Factors.
(b) divided by (a) = (c)
9. Business property $
Alternative energy related property
$
9.
%
10. Business payroll
$
Alternative energy related payroll
$
10.
%
11. Business sales
$
Alternative energy related sales
$
11.
%
12. Enter the sum of the factors from lines 9, 10 and 11 ....................................................................12.
%
13. Divide the amount from line 12 by 3 and enter the result here .....................................................13.
%
14. Enter the amount from line 2 above .............................................................................................14.
15. Multiply the amount on line 14 by the amount on line 13. This is your allocated energy
production income. Enter here and on line 3 above ..................................................................15.
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.
105
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