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MT SB267
Bill
AI Summary
- Creates a tax credit equal to 50% of charitable gifts made to certified public infrastructure projects, with a maximum credit of $500,000 per taxpayer
- Unused credits may be carried forward for 3 years but are not refundable if they exceed tax liability
- Eligible projects must be state or local government-owned real property serving public educational, health, or civic needs, such as health clinics, senior centers, libraries, museums, and public halls
- State or local governments must obtain department certification for projects, and taxpayers must provide a department-issued receipt when claiming the credit
- Applies to tax years beginning after December 31, 2025, and adds this credit to the list of tax credits subject to periodic review by the revenue interim committee
Legislative Description
Provide a tax credit for charitable gifts to public infrastructure
Taxation--Corporations
Last Action
(S) Died in Process
5/23/2025
Committee Referrals
Taxation2/6/2025
Full Bill Text
No bill text available