CC College Contribution Credit (2018)

Description

You may use this form to calculate your college contribution tax credit.

Eligibility

Any individual, corporation, partnership, small business corporation, estate, or trust who pays taxes in Montana

Qualifying Expenditures

Contributions to the general endowment funds of:

  • The Montana University System foundations
  • Montana private colleges
  • Community colleges
  • Tribal colleges
  • Or one of their foundations

Benefit

10% of the aggregate amount of charitable contributions made by the taxpayer during the tax year, up to a maximum credit of $500.

Carry Over

This credit cannot be carried forward or backward.

Related Laws

15-30-2326, MCA

15-31-135 through 15-31-136, MCA

Previous Years