Fillable Montana Form Rcyl - Recycle Credit/deduction

CLEAR FORM

MONTANA

RCYL

Rev 11 10

2010 Recycle Credit/Deduction

15-32-603 and 15-32-610, MCA

Name (as it appears on your tax return) ______________________________________________________________

Business name (if different from above) ______________________________________________________________

Your Social Security Number

Your Federal Employer Identiﬁ cation Number

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

partnership, enter the percentage used to report the partnership’s income or loss for Montana tax purposes; or if an S

corporation, enter the pro rata share of the corporation’s cost of investing in equipment.

Name ___________________________________ FEIN __________________________ Percentage _________ %

 C corporation

 S corporation

 Partnership

 Sole proprietorship

Check one

Part I - Qualiﬁ cations

1. Was the qualifying machinery/equipment purchased on or after the ﬁ rst day of the current taxable year

and before the last date of the current taxable year? ...............................................................................  Yes  No

2. Was the machinery/equipment located and operating in Montana on the last day of the taxable year

for which the credit is claimed? .................................................................................................................  Yes  No

If you answered “No” to questions 1 or 2, stop here. You do not qualify.

3. Is the machinery/equipment used in Montana to produce energy from reclaimed material? ....................  Yes  No

If you answered “Yes” to question 3, stop here. You do not qualify.

4. If you answered “No” to all of the following questions (a, b and c), you do not qualify.

a. Is the machinery/equipment used in Montana primarily for collections or processing reclaimed

material? ................................................................................................................................................  Yes  No

b. Is the machinery/equipment used in Montana primarily for the manufacturing of ﬁ nished products

from reclaimed materials? .....................................................................................................................  Yes  No

c. Is the machinery/equipment used to treat soils contaminated by hazardous wastes? ..........................  Yes  No

If you do not qualify for the credit, go to Part IV.

Part II - For equipment used in Montana

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

information or support ____________________________________________________________________________

______________________________________________________________________________________________

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. Computation of credit (multiply the cost of the equipment by the following percentages):

Multiply the ﬁ rst $250,000 by 25% (0.25) ...................................................................

___________

Multiply the next $250,000 by 15% (0.15) ..................................................................

___________

Multiply the next $500,000 by 5% (0.05) ....................................................................

___________

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

*30160101*

3016

Montana Form Rcyl - Recycle Credit/deduction - 2010

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