The Innovative Education Program Credit is for people or businesses contributing to education improvement through the Education Donations Portal.
Individuals, corporations, partnerships, small business corporations, estates, and trusts.
Donations made to an education improvement account provided in 20-9-905, MCA.
The credit is equal to the amount of the donation up to $150.
Credits are available on a first-come, first-served basis until the total credits claimed reaches the threshold for the year.
The threshold for tax year 2017 is $3 million.
The credit is nonrefundable and cannot be carried over.
Donations and claims must be made online using our Education Donations Portal.