Who may file Form PTC?
The $140 Montana Homeowner Income Tax Credit for Property Taxes on Residential Property is based on property taxes you paid during 2007 on a principal residence you occupied as the owner for at least seven months in 2007. To qualify for this credit you will have to answer “Yes” to all three of the following statements: • The property is a single-family dwelling, unit of a multiple-unit dwelling, manufactured home, or mobile home. • I occupied the property listed above as the owner for at least seven months in 2007. I paid property taxes on the listed property in 2007.
