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. Certified HUBZone companies are eligible for a 10 percent advantage in bidding for federal contracts. HUBZone businesses are expected to fill federal contracts at an increasing rate each year.