Montana legislation · 2025 Regular Session
Montana SB267: Provide a tax credit for charitable gifts to public infrastructure
Status: Failed, May 23, 2025
What the bill says
A bill for an act entitled: "an act providing a tax credit for charitable gifts to a public infrastructure project; providing for the credit amount; identifying eligible infrastructure projects; providing a definition; amending section 15-30-2303, mca; and providing an applicability date.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT PROVIDING A TAX CREDIT FOR CHARITABLE GIFTS TO A PUBLIC INFRASTRUCTURE PROJECT; PROVIDING FOR THE CREDIT AMOUNT; IDENTIFYING ELIGIBLE INFRASTRUCTURE PROJECTS; PROVIDING A DEFINITION; AMENDING SECTION 15-30-2303, MCA; AND PROVIDING AN APPLICABILITY DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: NEW SECTION. Section 1. Credit for charitable gift to public infrastructure. (1) A taxpayer is allowed a credit against the taxes imposed by Title 15, chapter 31, or this chapter in an amount equal to 50% of the present value of the aggregate amount of a charitable gift made by the taxpayer during the year to a certified public infrastructure project. (2) The credit provided for in this section may not exceed $500,000. The credit may not be refunded if it exceeds the taxpayer's tax liability but may be carried forward for 3 years. (3) On receipt of a charitable gift for a public infrastructure project, the state or local government shall submit to the department information that is relevant to eligibility for the credit. (4) On certification of the charitable gift, the department shall provide a receipt reporting the amount of the charitable gift and identifying the certified public infrastructure project. A taxpayer shall provide a copy of the receipt when claiming the tax credit. (5) Pursuant …
Sponsors
- Fern, Dave (D, 2) · primary sponsor
Latest actions
- : (S) Died in Process
- : (S) Missed Deadline for Revenue Bill Transmittal
- : (S) Tabled in Committee
- : (S) Fiscal Note Printed
- : (S) Fiscal Note Unsigned
- : (S) Hearing
- : (S) Fiscal Note Received
- : (S) Fiscal Note Requested
- : (S) Referred to Committee
- : (S) 1st Reading
Subjects: Taxation--Corporations, Taxation, Revenue, State, Local Government, Taxation--Individual Income
Common questions
- What is SB267?
- SB267 is a bill in the Montana Legislature (2025 Regular Session): Provide a tax credit for charitable gifts to public infrastructure.
- What does SB267 do?
- In its own words: A bill for an act entitled: "an act providing a tax credit for charitable gifts to a public infrastructure project; providing for the credit amount; identifying eligible infrastructure projects; providing a definition; amending section 15-30-2303, mca; and providing an applicability date.".
- What is the status of SB267?
- Failed as of May 23, 2025. Latest action: (S) Died in Process (May 23, 2025).
- Who sponsored SB267?
- Fern, Dave (D, 2).
- Where is the official record for SB267?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC4303
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.