Montana Statutes
§ 53-25-117 — Deductions For Contributions
Montana·Title 53 SOCIAL SERVICES AND INSTITUTIONS·Ch. 25 DISABILITY INDIVIDUAL SAVINGS ACCOUNT PROGRAM·Part 1 Montana Achieving a Better Life Experience Act
53-25-117 . Deductions for contributions. An individual who contributes to one or more accounts established pursuant to this chapter in a tax year is entitled to reduce the individual's Montana taxable income, in accordance with 15-30-2120 , if the individual is:
(1)the designated beneficiary;
(2)the spouse of the designated beneficiary; or
(3)a parent, grandparent, sibling, or child related to the designated beneficiary by blood, marriage, or legal adoption.
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 53-25-117 (Deductions For Contributions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 11, Ch. 436, L. 2015; amd. Sec. 10, Ch. 433, L. 2019; amd. Sec. 56, Ch. 503, L. 2021; amd. Sec. 7, Ch. 545, L. 2025.
Nearby Sections
15
§ 53-25-101
Short Title§ 53-25-102
Purpose§ 53-25-103
Definitions§ 53-25-104
Program Administration -- Rulemaking§ 53-25-106
Through 53-25-108 Reserved§ 53-25-111
Changes In Designated Beneficiary§ 53-25-113
Limitations§ 53-25-114
Through 53-25-116 Reserved§ 53-25-117
Deductions For Contributions§ 53-25-119
Access To Records