Montana HB922 revises education tax credit laws, establishes a credit for parents with children in nonpublic schools, and mandates reviews of various.
Montana HB922 revises education tax credit laws by establishing a $250 tax credit for parents with children in nonpublic schools. The credit is limited to Montana residents and eligible students aged 5 to 19. The bill also mandates reviews of various tax credits by the revenue interim committee, including those for donations to innovative educational programs, infrastructure use fees, and contributions to qualified endowments. The credit for parents with children in nonpublic schools may not exceed the taxpayer's income tax liability and can be carried forward for three years.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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