Montana’s geothermal credit mainly benefits the rich

According to a Chronicle analysis of state figures, the little known policy amounts to a tax break for the wealthy, costing the state’s coffers over a quarter million dollars per year.

In 2014, Montana’s Department of Revenue awarded 196 applicants a geothermal income tax credit — 127 from people in the wealthiest 20 percent of society. And that’s been the trend for at least the last five years for which the Department of Revenue provided numbers.

By Troy Carter Chronicle Staff Writer

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