MT SB549

Creates a Montana income tax credit of up to $1,250 for primary and secondary education expenses paid by parents, guardians, or teachers for students in public school

Qualifying expenses include tuition, fees, textbooks, software, tutoring, educational therapies, curriculum materials, assessment tests, extracurricular activities, school supplies, and transportation for educational services

Credit is non-refundable; taxpayers cannot receive a refund if the credit exceeds their tax liability

Education providers include public schools, accredited institutions, and non-accredited providers or tutors who disclose their non-accredited status in writing to parents

Applies to tax years beginning on or after January 1, 2026, and adds this credit to the list of tax credits subject to periodic review by the revenue interim committee