Tax Credit

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Support the HRDC and benefit from the Montana Endowment Tax Credit. Different rules apply for individual gifts and corporate gifts, but this is a great way to “do well” and do good things at the same time!

For individuals or business entity taxpayers:
Your planned gift (typically a simple trust or annuity) provides a 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.

For corporations, small business corporations, partnerships, or LLCs:
Your outright gift provides a 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.

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 Visit the Montana Tax Credit web site for more information.

http://mt.gov/revenue/forindividuals/individualincome/incentivesiit.asp#endowment

http://revenue.mt.gov/content/committees/legislative_interim_committee/Qualified-Endowment-Credit-Report-April262012.pdf

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