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42.4.118    MULTIPLE INVESTORS CLAIMING THE ALTERNATIVE ENERGY SYSTEM

(1) If more than one qualifying individual invests in a qualifying alternative energy system each may claim the credit provided the total of the credits claimed by all the individuals does not exceed the amount spent. For example, if a married couple invests $1,200 in a qualifying wood stove, they can each claim $500. However, if the same couple invests only $800 in a qualifying wood stove, the combined amount claimed cannot exceed $800.

History: 15-1-201, 15-32-203, MCA; IMP, 15-32-115, 15-32-201, MCA; NEW, 2002 MAR p. 1094, Eff. 4/12/02; AMD, 2004 MAR p. 1965, Eff. 8/20/04; AMD, 2008 MAR p. 387, Eff. 2/29/08; AMD, 2009 MAR p. 459, Eff. 5/1/09; AMD, 2010 MAR p. 1407, Eff. 6/11/10.

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