Fillable Form Rycl - Recycle Credit/deduction

Form Rycl - Recycle Credit/deduction - 2012 Page 2

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SSN

FEIN

Part III. For qualifying specialized mobile equipment used in and out of Montana

1. Detailed explanation of equipment purchased and how it is used; include a copy of any pamphlets or other related

supporting information ____________________________________________________________________________

______________________________________________________________________________________________

2. Date of purchase ____________________________ (A copy of sales receipt is required.)

3. Cost of equipment (the total cost of equipment in Part II and Part III may not exceed $1,000,000) ......... $ ___________

4. Number of days used in Montana .............................

____________

5. Total days used for the year .....................................

____________

6. Divide amount on line 4 by amount on line 5 ............

____________

7. Computation of credit:

Multiply the ratio on line 6 by 25% (0.25); then multiply the first $250,000 of line 3 ...

___________

Multiply the ratio on line 6 by 15% (0.15); then multiply the next $250,000 of line 3 ..

___________

Multiply the ratio on line 6 by 5% (0.05); then multiply the next $500,000 of line 3 ....

___________

Total Credit .................... $ ___________

8. Add total credit from Part II to total credit from Part III. This is your total credit available. .................... $ ___________

Where to Report Your Credit

►Individuals: Form 2, Schedule V

►C corporations: Form CLT-4, Schedule C

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

►Partnerships: Form PR-1, Schedule II

Amount of credit may not exceed tax liability.

Part IV. Deduction for purchase of recycled material

1. Type of recycled material purchased _________________________________________________________________

2. Cost of recycled material ........................................................................................................................... $ ___________

3. Multiply the amount on line 2 by 10% (0.10). This is the amount of your additional deduction. ......... $ ___________

Enter the amount from line 3 above on your tax return.

Where to Report Your Deduction

►Individuals: Form 2, Schedule II

►C corporations: Form CLT-4, page 3, line 3c

►S corporations: Form CLT-4S, page 1, line 16b

►Partnerships: Form PR-1, page 1, line 17b

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

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

*12JD0201*