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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 In2021
Program nameMontana Board of Investments Commercial Loan Program
Program purpose: Job Creation/Retention
Statutory authority: (not specified)
Abating jurisdiction(s): State of Montana
Applicable taxesCorporate Income Tax; Individual Income Tax
Method of abatement: Tax Credit
Provisions for recapture: BOI may increase the interest rate commensurate with the number of jobs eliminated if the borrower eliminates 10 or more qualifying jobs.
Gross revenue loss: $5,264,000
Reimbursement / offset: $0
Net revenue loss: $5,264,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://sfsd.mt.gov/SAB/acfr/index