Montana legislation · 2025 Regular Session
Montana HB859: Provide income tax credits for contributions to a community improvement organization
Status: Failed, May 20, 2025
What the bill says
A bill for an act entitled: "an act providing an income tax credit for a contribution to a community improvement organization; providing that the credit may be claimed against the individual or corporate income tax; providing an aggregate limit for the total amount of credits claimed; providing definitions; amending section 15-302303, mca; and providing a delayed effective date and an applicability date.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT PROVIDING AN INCOME TAX CREDIT FOR A CONTRIBUTION TO A COMMUNITY IMPROVEMENT ORGANIZATION; PROVIDING THAT THE CREDIT MAY BE CLAIMED AGAINST THE INDIVIDUAL OR CORPORATE INCOME TAX; PROVIDING AN AGGREGATE LIMIT FOR THE TOTAL AMOUNT OF CREDITS CLAIMED; PROVIDING DEFINITIONS; AMENDING SECTION 15-302303, MCA; AND PROVIDING A DELAYED EFFECTIVE DATE AND AN APPLICABILITY DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: NEW SECTION. Section 1. Credit for cash contribution to community improvement organization -- definitions. (1) Subject to subsection (4), a taxpayer or corporation is allowed a credit against the tax imposed by chapter 30 or 31 for a cash contribution to a community improvement organization. The amount of the credit is equal to the amount of the cash contribution, not to exceed the lesser of 10% of the Montana taxable income claimed on the return, or $3,000. (2) (a) If the credit allowed under this section is claimed by a small business corporation, a passthrough entity, or a partnership, the credit must be attributed to shareholders, owners, or partners using the same proportion as used to report the entity's income or loss. (b) A cash contribution by an estate or trust qualifies for the credit. Any credit not used by the estate or trust may be attributed …
Sponsors
- Klakken, Shane (R, 37) · primary sponsor
Latest actions
- : (H) Died in Process
- : (H) Missed Deadline for Revenue Bill Transmittal
- : (H) Fiscal Note Printed
- : (H) Tabled in Committee
- : (H) Fiscal Note Signed
- : (H) Fiscal Note Received
- : (H) Hearing
- : (H) Hearing
- : (H) 1st Reading
- : (H) Referred to Committee
Subjects: City Finance, Taxation, County Finance, Revenue, State, State Government, Local Government, Taxation--Individual Income
Common questions
- What is HB859?
- HB859 is a bill in the Montana Legislature (2025 Regular Session): Provide income tax credits for contributions to a community improvement organization.
- What does HB859 do?
- In its own words: A bill for an act entitled: "an act providing an income tax credit for a contribution to a community improvement organization; providing that the credit may be claimed against the individual or corporate income tax; providing an aggregate limit for the total amount of credits claimed; providing definitions; amending section 15-302303, mca; and providing a delayed effective date and an applicability date.".
- What is the status of HB859?
- Failed as of May 20, 2025. Latest action: (H) Died in Process (May 20, 2025).
- Who sponsored HB859?
- Klakken, Shane (R, 37).
- Where is the official record for HB859?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC4176
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.