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This is an obsolete version of the rule. Please click on the rule number to view the current version.

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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