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INCENTIVE DESCRIPTION
| State: | MT |
| Incentive Type: | Income/Franchise Tax Incentives and Credits |
| Incentive Title: | R&D Credits |
| Description: | 1. R&D FIRMS TAX EXEMPTION: All net income earned from research and development activities is exempt from corporate license tax during its first 5 taxable years of acitivity in Montana. 2. CREDIT FOR INCREASING RESEARCH ACTIVITIES: Increases in qualified research expense and basic research payments for research conducted in Montana are eligible for a credit equal to 5% of the increased expenses and payments. The credit (applicable to tax years after 12/31/1998) is nonrefundable, but may be carried back 2 years and forward 15 years. |
| Eligibility Requirements: | 1. Must be a R&D firm engaging in business in the state of Montana for the first time. Must complete all applications before the close of the first calendar quarter during which the firm operates in Montana. 2. Must be a corporation, small business corporation, partnership, limited liability partnership or limited liability company having increased qualified research expense and basic research payments for research conducted in Montana. |
| Geographic Restrictions: | Statewide |
| Granting Authority: | State of Montana |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
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