Bill > HB922

This bill creates a new tax credit for parents with children attending nonpublic schools in Montana, allowing eligible taxpayers to claim a $250 credit per student each year. To qualify, the student must be a Montana resident between 5 and 18 years old and enrolled in a nonpublic school as defined by state law. The tax credit cannot exceed the taxpayer's income tax liability but can be carried forward for up to three years, and no single student can be claimed by more than one taxpayer. The bill also amends existing tax credit review laws to include this new education tax credit in the periodic review process conducted by the revenue interim committee, which will evaluate the credit's effectiveness using criteria such as its impact on taxpayer decisions and broader economic benefits. Additionally, the bill sets an applicability date of January 1, 2026, and includes a sunset provision that terminates the tax credit on December 31, 2029, meaning the credit will need to be renewed or re-evaluated by the legislature before that date to continue. The legislation aims to provide financial support to parents choosing nonpublic education for their children and ensure parity in educational funding options.

Education

https://bills.legmt.gov/#/laws/bill/2/LC2944