Form Bbsc - Biodiesel Blending And Storage Credit - 2014
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MONTANA
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Clear Form
BBSC
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Rev 04 14
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2014 Biodiesel Blending and Storage Credit
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15-32-703, MCA
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Name (as it appears on your Montana tax return)
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100
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Social Security
Federal Employer
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-
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X X X X X X X X X
X X X X X X X X X
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OR
Number
Identification Number
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Part I. Partners in a Partnership or Shareholders of an S Corporation
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Enter your portion of the biodiesel blending and storage credit here. See instructions.
$_____________________
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Business Name of Partnership or S Corporation
Federal Employer
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-
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Identification Number
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___________________________________________________
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Part II. Qualifications
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Please enter the date that you began blending biodiesel for sale _______________________________________
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To qualify for the biodiesel blending and storage credit, you are required to answer “Yes” to all three of the following
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questions.
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1. Did you blend biodiesel with petroleum diesel for sale during this year? ....................................... 1.
Yes
No
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q
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2. Is the storage and blending equipment you purchased used in Montana primarily to blend
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biodiesel with petroleum diesel?..................................................................................................... 2.
Yes
No
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q
q
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3. Is the biodiesel you blend with petroleum diesel made entirely from Montana-produced
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feedstocks? .................................................................................................................................... 3.
Yes
No
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q
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Part III. Credit Computation
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Please include a copy of your invoice(s) that identifies for each piece of storage and blending equipment included in
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lines 1 or 3, the date purchased, description of the equipment and the amount you paid for the equipment.
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If you are a distributor applying for this credit:
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1. Enter the cost of storage and blending equipment that you purchased that qualifies for this
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credit. (Amounts included here cannot also be included on line 3.) ............................................... 1.
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2. Multiply the amount on line 1 by 15% (0.15) and enter the result here, but not more than
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$52,500........................................................................................................................................... 2.
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If you own a motor fuels outlet and are applying for this credit:
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3. Enter the cost of storage and blending equipment that you purchased that qualifies for this
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credit. (Amounts included here cannot also be included on line 1.) ............................................... 3.
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4. Multiply the amount on line 3 by 15% (0.15) and enter the result here, but not more than
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$7,500 ............................................................................................................................................ 4.
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5. Enter the amount of tax credit being carried forward from previous years. (Please include a
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schedule showing years and amounts of carryforward.) ................................................................ 5.
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6. Add the amounts on lines 2, 4 and 5 and enter the result here. This is your biodiesel
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blending and storage credit. ....................................................................................................... 6.
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Where to Report Your Credit
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► Individuals: Form 2, Schedule V
► S corporations: Form CLT-4S, Schedule II
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► C corporations: Form CIT, Schedule C
► Partnerships: Form PR-1, Schedule II
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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
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represent that you have retained the required documents in your tax records and will provide them upon the department’s request.
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