We have an exciting opportunity to directly support students in our community and receive a dollar-for-dollar tax credit on your 2025 state taxes through the Innovative Educational Tax Credit program established by the Montana Legislature with HB403.
Yes!! A dollar-for-dollar tax credit on your MT State 2025 taxes!
In essence, you can give a donation to Billings Public Schools and know your dollars will directly impact students in our community instead of going to the state.
The Montana Legislature has specified how public school districts can use donations through the Innovative Educational Tax Credit Program.
Billings Public Schools has identified potential priority areas listed below to benefit from the 2025 Innovative Educational Tax Credit program:
- Project Lead The Way – STEM Education – in Elementary Schools
- Gifted & Talented Enrichment 2nd-6th Grade Resources
- Seed funding for the expansion of trades programs
There are important dates that you must be aware of to qualify for a tax credit.
There is $84,750 available this fall from the aggregated state amount of $6,000,000, which was available in January, for taxpayers to benefit from the Innovative Educational Tax Credit, supporting public schools. This $84,750 is a result of initial donations that did not qualify for the tax credit because some school districts were unable to claim the full donation amounts.
Donations to Billings Public Schools must be in-hand at the school district before Billings Public Schools can enter a donor’s gift. Only public school districts can claim tax credits on behalf of their donors through the MT DOR portal.
Billings Public Schools is asking donors to submit their Innovative Educational Tax Credit donation to the school district by September 17, 2025, so we can verify your information, so there are no errors in claiming your tax credit. Earlier this year, the original $6,000,000 state-aggregated amount was claimed in under 1.5 hours.
Please review the attached information sheet for more information on individual donor tax credit limits, information to provide with your donation, HB403 FAQ from the MT Department of Revenue, claiming your tax credit, etc.
How do I give a donation to Billings Public Schools to claim a dollar-for-dollar tax credit on my 2025 taxes through the Innovative Educational Tax Credit program??
Visit billingsschools/innovativeeducationaltaxcredit.org or contact Billings Public Schools at 406-281-5113.
Thank you for your consideration! Your generosity directly impacts students in OUR community!