15-24-1401 - Property tax reduction for renewable generating facilities of 1 MW or greater

Category: MT State Programs, Renewable Energy Incentives

Generating plants producing 1 megawatt or more by means of an alternative renewable energy source are eligible for the new or expanded industry property tax reduction on the local mill levy during the first nine years of operation, subject to approval by the local government. If so approved, the facility is taxed at 50 percent of its taxable value in the first five years after the construction permit is issued. Each year thereafter, the percentage is increased by equal percentages until the full taxable value is attained in the tenth year.

The tax reduction applies only to taxes levied for the local high schools and elementary schools and for the local government offering the reduction.