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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionMontana
Jurisdiction type: State
Fiscal year ending In2019
Program nameMontana Board of Investments Commercial Loan Program
Program purpose: Infrastructural development
Statutory authority: (not specified)
Abating jurisdiction(s): State of Montana
Applicable taxesCorporate Income Tax; Individual Income Tax
Method of abatement: Loan; Tax Credit
Provisions for recapture: If the basic sector business does not create the required jobs within the four-year period, then the basic sector business must pay down the loan balance of the local government entity until the loan balance matches the eligible amount per the jobs created.
Gross revenue loss: $3,769,000
Reimbursement / offset: $0
Net revenue loss: $3,769,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://sfsd.mt.gov/SAB/acfr/index