Bill
Bill > HB209
MT HB209
Prove income tax credit for nonpublic school expenses such as private or homeschool tuition
summary
Introduced
01/15/2025
01/15/2025
In Committee
01/15/2025
01/15/2025
Crossed Over
Passed
Dead
05/20/2025
05/20/2025
Introduced Session
2025 Regular Session
Bill Summary
AN ACT ENTITLED: “AN ACT PROVIDING A TAX CREDIT FOR NONPUBLIC SCHOOL EDUCATION EXPENSES; PROVIDING ELIGIBILITY REQUIREMENTS; PROVIDING DEFINITIONS; PROVIDING RULEMAKING AUTHORITY; AMING SECTION 15-30-2303, MCA; AND PROVIDING AN APPLICABILITY DATE.”
AI Summary
This bill establishes a tax credit for parents and guardians who incur expenses for students attending nonpublic education settings like private schools or homeschooling. The tax credit would allow taxpayers to claim up to 44.7% of the state's per-student funding rate for expenses such as tuition, textbooks, extracurricular activities, and additional educational expenses like educational therapies, paraprofessional support, vocational program fees, testing fees, and computer hardware. Only one taxpayer per student can claim the credit in a given tax year, and the credit cannot exceed the taxpayer's tax liability. In cases of divorced or separated parents, a noncustodial parent may claim the credit under specific conditions, such as having a court order awarding tax benefits or obtaining a written declaration from the custodial parent. The bill defines numerous terms related to educational expenses and establishes that the superintendent of public instruction will create rules for determining eligible expenses. The tax credit will be subject to periodic review by the state's revenue interim committee to evaluate its effectiveness and impact. The bill will apply to income tax years beginning after December 31, 2025, giving time for implementation and preparation.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
(H) Died in Process (on 05/20/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://bills.legmt.gov/#/laws/bill/2/LC1701 |
State Bill Page | https://bills.legmt.gov/#/lc/bill/2/LC1701 |
Fiscal Note HB0209_1 | https://docs.legmt.gov/download-ticket?ticketId=3868da8a-7f68-49a6-8feb-c8e4e580f55c |
BillText | https://docs.legmt.gov/download-ticket?ticketId=5858c818-b604-4dc4-bfd8-81c8624fa0c0 |
BillText | https://api.legmt.gov/docs/v1/documents/getContent?documentId=270975 |
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