Montana offers no state income tax credits for new capital investment or new jobs created. However, industrial revenue bond financing is available. Another incentive available for businesses in Montana is property tax abatement for land, buildings, non-production machinery and equipment, standard computer software, specialized computer software, and office furniture and equipment. The company may be taxed at a lower rate that is increased incrementally each year until the full rate is paid. In order to receive these incentives, the business must fulfill the requirements laid out by the State of Montana.
Special incentives are also available for designated industries as well as larger companies.
Larger companies can obtain special financing assistance if qualifications are met. Grants are also available for new and expanding industries. However, certain requirements must be met in order to receive grant money. The Work Opportunity Tax Credit program offers employers a credit against their tax liability for hiring individuals from nine target groups who have traditionally had difficulty obtaining and holding jobs. Employers must apply for and receive certification from their state employment security agency that their new hire is a long-term welfare recipient or a member of one of the WOTC target groups.