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Montana Endowment Tax Credit

The Montana Endowment Tax Credit allows donors to pay less in Montana state income taxes when they give a qualifying planned gift to a qualified Montana charitable endowment. Through December 31, 2017, the following guidelines apply.

 

  • Planned Gift – Credit against state income tax liability in the amount of 40% of the present value of any planned gift to a permanent endowment of a Montana charity up to a maximum amount of $10,000 per year per taxpayer. (Applies to individual or business entity taxpayers).
  • Outright Gift – Credit against state income tax liability in the amount of 20% of the present value of any outright gift by a business entity to a permanent endowment of a Montana charity up to a maximum of $10,000 per year per taxpayer. (Applies to corporations, small business corporations, partnership or limited liability company taxpayers.)