Form 2 - Montana Individual Income Tax Return - 2008 Page 7

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Form 2, Page 7 - 2008
Social Security Number:
Column A (for single,
Column B (for spouse
Schedule V - Montana Tax Credits
joint, separate, or
when fi ling separately
Enter on the corresponding line your Montana tax credits.
head of household)
using fi ling status 3a)
File Schedule V with your Montana Form 2.
Nonrefundable credits that are single-year credits and HAVE NO carryover provision
1 Credit for an income tax liability paid to another state or country from
Form 2, Schedules VI, line 10 or VII, line 10.
1
1
2 College contribution credit. Attach Form CC.
2
2
3 Qualifi ed endowment credit. Attach Form QEC.
3
3
4 Energy conservation installation credit. Attach Form ENRG-C.
4
4
5 Alternative fuel credit. Attach Form AFCR.
5
5
6 Rural physician’s credit.
6
6
7 Health insurance for uninsured Montanans credit. Attach Form HI.
7
7
8 Elderly care credit. Attach Form ECC.
8
8
9 Recycle credit. Attach Form RCYL.
9
9
10 Oilseed crushing and biodiesel/biolubricant production facility credit. Attach Form OSC.
10
10
11 Biodiesel blending and storage credit. Attach Form BBSC.
11
11
Nonrefundable credits that HAVE a carryover provision
12 Contractor’s gross receipts tax credit.
12
12
13 Geothermal systems credit. Attach Form ENRG-A.
13
13
14 Alternative energy systems credit. Attach Form ENRG-B.
14
14
15 Alternative energy production credit. Attach Form AEPC.
15
15
16 Dependent care assistance credit. Attach Form DCAC.
16
16
17 Historic property preservation credit. Attach federal Form 3468.
17
17
18 Infrastructure users fee credit.
18
18
19 Empowerment zone credit.
19
19
20 Increasing research activities credit. Attach Form RSCH.
20
20
21 Mineral exploration incentive credit. Attach Form MINE-CRED.
21
21
22 Film employment production credit. Attach Form FPC. Report your credit on
this line if you have made the one-time four year carry forward election.
22
22
23 Adoption credit. Attach federal Form 8839.
23
23
24 Add lines 1 through 23 and enter result here and on Form 2, line 51.
24
24
This is your total nonrefundable credits.
Refundable credits
25 Elderly homeowner/renter credit. Attach Form 2EC.
25
25
26 Film employment production credit. Attach Form FPC.
26
26
27 Film qualifi ed expenditure credit. Attach Form FPC.
27
27
28 Insure Montana small business health insurance credit. Business FEIN:
28
28
29 Temporary Emergency Lodging credit. Attach Form TELC.
29
29
30 Add lines 25 through 29 and enter result here and on Form 2, line 58.
30
30
This is your total refundable credits.
Montana Tax Credits
Nonrefundable carryover credits.
We have listed the 27 Montana tax credits available to you under
Your nonrefundable carryover credits can be used to offset your
three categories. With the exception of the capital gains tax credit,
2008 resident, nonresident, or part-year resident tax after capital
which is required to be applied before any other credit, you are not
gains credit and cannot reduce your tax liability below zero. Your
required to apply any of these 27 tax credits against your income
excess credits that were not applied against your 2008 income
tax liability in any particular order.
tax liability can be carried over and used to offset future year tax
liabilities.
Nonrefundable single-year credits.
Refundable credits.
Your nonrefundable single-year credits can only be used to offset
your 2008 resident, nonresident, or part-year resident tax after
Your refundable credits are applied against your income tax liability
capital gains credit and cannot reduce your tax liability below zero.
with any unused credit refunded to you.
The unused portion that exceeded your 2008 income tax liability
cannot be used in future years.

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