Administrative Rules of Montana
Department 42 - REVENUE
Chapter 42.4 - TAX CREDITS
Subchapter 42.4.41 - Alternative Energy Production - Income and Property Tax Incentives for Individuals and Corporations
Rule 42.4.4112 - RECORDS REQUIRED - AUDIT
Current through Register Vol. 6, March 22, 2024
(1) Taxpayers shall maintain records necessary to support their entitlement to and qualification for the property tax exemption, property tax abatement, or income tax credit.
(2) For the Alternative Energy Production Credit, such records must include:
(3) The records shall be maintained by the taxpayer for the appropriate statutory period of time that the property tax exemption, property tax abatement, or income tax credit may be received by the taxpayer, plus one year. Such records shall be subject to audit by the department at any time during the period to determine whether the provisions of the contract are being met.
15-1-201, 15-30-2620, 15-31-501, 15-32-407, MCA; IMP, 15-32-402, 15-32-404, 15-32-405, 15-32-406, MCA;