House Bill No. [insert bill number] proposes a tax credit for nonpublic school education expenses, aimed at providing financial relief to families who choose nonpublic education options for their children. The bill defines various terms related to educational expenses, including "additional expenses," "extracurricular activity fee," and "nonpublic education setting." It establishes eligibility criteria for taxpayers to claim the credit, which is set at the lesser of the nonpublic school education expenses paid or 44.7% of the applicable per-ANB maximum rate. The bill also outlines the process for noncustodial parents to claim the credit under certain conditions and grants rulemaking authority to the Department of Public Instruction to implement the credit.

Additionally, the bill amends Section 15-30-2303 of the Montana Code Annotated to include the new tax credit for nonpublic school education expenses among those subject to review by the interim committee. The act is set to apply to income tax years beginning after December 31, 2025, and includes provisions for codification as part of Title 15, chapter 30. The legislation aims to support families with children in nonpublic education by reimbursing certain educational expenses through a tax credit mechanism.

Statutes affected:
LC Text: 15-30-2303
HB0209_1(1): 15-30-2303
HB0209_1(2): 15-30-2303
HB0209_1(3): 15-30-2303
HB0209_1(4): 15-30-2303
HB0209_1(5): 15-30-2303
HB0209_1(6): 15-30-2303
HB0209_1: 15-30-2303