Does the production company have to file a Montana Tax Return in order to receive the tax incentive?
Yes, Montana’s film production incentive is in the form of a tax credit. An income tax return must be filed with the Montana Department of Revenue, if the credit is to be claimed. If the production company owes Montana tax, the credit will first be applied to the tax owed and any remainder will be refunded in the form of a check. If no Montana income tax is owed, a tax return must still be filed to claim the credit, but the full amount of the credit will be issued to the company in the form of a tax refund check.
