Montana Statutes
§ 15-30-2329 — Beneficiaries Of Estates -- Credit For Contribution To Qualified Endowment
Montana·Title 15 TAXATION·Ch. 30 INDIVIDUAL INCOME TAX·Part 23 Specific Tax Credits and Tax Checkoffs
15-30-2329 . Beneficiaries of estates -- credit for contribution to qualified endowment. A contribution to a qualified endowment, as defined in 15-30-2327 , by an estate qualifies for the credit provided in 15-30-2328 if the contribution is a planned gift or in 15-31-161 if the contribution is an outright gift to a qualified endowment. Any credit not used by the estate may be attributed to each beneficiary of the estate in the same proportion used to report the beneficiary's income from the estate for Montana income tax purposes. The maximum amount of credit that a beneficiary may claim is $15,000, and the credit must be claimed in the year in which the contribution is made. The credit may not be carried forward or carried back.
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Legislative History
En. Sec. 5, Ch. 537, L. 1997; amd. Secs. 3, 4, Ch. 24, Sp. L. August 2002; Sec. 15-30-167, MCA 2007; redes. 15-30-2329 by Sec. 1, Ch. 147, L. 2009; amd. Sec. 16, Ch. 503, L. 2021; amd. Sec. 2, Ch. 690, L. 2023.
Nearby Sections
15
§ 15-30-101
Renumbered 15-30-2101§ 15-30-102
Renumbered 15-30-2102§ 15-30-103
Renumbered 15-30-2103§ 15-30-104
Repealed§ 15-30-105
Renumbered 15-30-2104§ 15-30-106
Renumbered 15-30-2105§ 15-30-107
Renumbered 15-30-2118§ 15-30-108
Terminated§ 15-30-109
Reserved§ 15-30-110
Repealed§ 15-30-1101
Renumbered 15-30-3301§ 15-30-1102
Renumbered 15-30-3302§ 15-30-1103
Through 15-30-1110 Reserved§ 15-30-111
Renumbered 15-30-2110§ 15-30-1111
Renumbered 15-30-3311