Jobs Growth Incentive Credit
The Jobs Growth Incentive Credit is a tax credit for qualifying employers creating qualifying net employee growth in Montana. The credit is available beginning in Tax Year 2022 and will expire in Tax Year 2028.
Benefit
The credit is equal to half of the eligible employer’s taxes paid under Federal Insurance Contributions Act (FICA) for qualifying new employees.
Eligibility
To claim the credit, you must apply with the Montana Department of Labor and Industry. Once approved, the Department of Labor and Industry will issue you a Credit Certificate. Visit the Department of Labor and Industry's Jobs Growth Incentive website for information on how to qualify for the credit.
Carryover
The credit is nonrefundable but may be carried forward for up to 10 years. It must be carried forward to the earliest tax year and the oldest available credit must be used first.
Resources
- Department of Labor and Industry's Jobs Growth Incentive Website
- Form JGI - Jobs Growth Incentive Credit