Form Osc - Oilseed Crushing And Biodiesel/biolubricant Production Facilities Credit - 2011

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MONTANA

Clear Form

OSC

Rev 04 11

2011 Oilseed Crushing and Biodiesel/Biolubricant

Production Facilities Credit

15-32-701 and 15-32-702, MCA

Name (as it appears on your Montana tax return)

Social Security

Federal Employer

Number

Identiﬁ cation Number

If this credit is passed through to you from a partnership or S corporation, enter the entity’s name, FEIN and the

percentage used to report the partnership’s income or loss for Montana income tax purposes or the pro rata share of the

corporation’s cost of investing in the equipment or facility.

Name __________________________________________ FEIN

Percentage ________ %

Part I. Oilseed Crushing Facility Credit

Please enter the date that you began crushing oilseed _______________________________________________

To qualify for the oilseed crushing facility credit, you are required to answer “Yes” to the following questions.

1. Is the machinery or equipment located in Montana used primarily to crush oilseed to be



used in the production of biodiesel or biolubricant? ......................................................................

Yes



2. Did you crush oilseed or manufacture a product from the oilseed during the year? .....................

Yes

3. List the property purchased that qualiﬁ es you for this credit. Include a copy of your invoice that identiﬁ es the date

purchased, description of the property and the amount you paid for the property.

Date Purchased

Description of Property

Cost

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 facility 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 in Montana that is used to produce biodiesel/

biolubricant. Include all supporting invoices, contracts, etc. that substantiate these costs ........... 6.

7. Enter the total cost of any equipment purchased to operate a facility in Montana that is used to

produce biodiesel/biolubricant. Include 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 Facilities Credit

10. Enter the amount of tax credit being carried forward from previous years. (Please include 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 facilities credit. ......................................... 11.

Where to Report Your Credit

►Individuals: Form 2, Schedule V

►S corporations: Form CLT-4S, Schedule II

►C corporations: Form CLT-4, Schedule C

►Partnerships: Form PR-1, Schedule II

If you ﬁ le your Montana tax return electronically, you do not need to mail this form to us unless we ask you for a copy. When you ﬁ le electronically,

you represent that you have retained the required documents in your tax records and will provide them upon the department’s request.

*11JB0101*