House Bill No. introduced by G. Overstreet and T. Sharp proposes a tax credit for nonpublic school education expenses in Montana. The bill defines various terms related to educational expenses, including "additional expenses," "extracurricular activity fee," and "nonpublic education setting." It allows taxpayers to claim a credit for nonpublic school education expenses, which can include tuition, textbooks, and fees for extracurricular activities, up to the lesser of the actual expenses paid or 44.7% of the applicable per-ANB maximum rate. The bill also stipulates that only one taxpayer may claim the credit for a qualifying student in a given tax year, with specific provisions for noncustodial parents.

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 legislation grants rulemaking authority to the department and the superintendent of public instruction to implement the credit and establish eligibility for various educational programs. The act is set to apply to income tax years beginning after December 31, 2025.

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: 15-30-2303