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.
State:
Montana
Reporting Jurisdiction:
Montana
Jurisdiction type
:
State

Fiscal year ending In:
2020
Program name:
Montana Board of Investment Commercial Loan Program
Program purpose
:
Job creation/retention

Statutory authority
:
(not specified)

Abating jurisdiction(s)
:
State of Montana

Applicable taxes:
Corporate 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
:
$6,476,000

Reimbursement / offset
:
$0

Net revenue loss
:
$6,476,000

Type of loss
:
Active

Additional notes on dislosure:
(none)