Montana SB549 would provide an income tax credit for K-12 education expenses.

Montana SB549 would establish an income tax credit for certain primary and secondary education expenses. The credit is equal to the lesser of the amount paid for education expenses or $1,250. Eligible expenses include tuition, fees, textbooks, tutoring, educational therapies, and other related costs. The credit applies to income tax years beginning on or after January 1, 2026. The bill also mandates a review of the credit's effectiveness and impact by the revenue interim committee.

Montana SB549 would provide an income tax credit for K-12 education expenses.

Montana SB549 would establish an income tax credit for certain primary and secondary education expenses. The credit is equal to the lesser of the amount paid for education expenses or $1,250. Eligible expenses include tuition, fees, textbooks, tutoring, educational therapies, and other related costs. The credit applies to income tax years beginning on or after January 1, 2026. The bill also mandates a review of the credit's effectiveness and impact by the revenue interim committee.