Montana and the R&D Tax Credit

Montana does not offer a state-specific Research and Development (R&D) tax credit, meaning businesses operating within the state cannot claim a credit against state taxes for qualifying R&D activities. However, Montana is home to a range of key industries, including agriculture, energy (particularly oil, gas, and renewables), mining, technology, and outdoor recreation, all of which frequently engage in innovative practices and technological advancements. Despite the lack of a state R&D credit, businesses in these industries may still qualify for the federal R&D tax credit, which provides a significant incentive for companies investing in research and development.