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Qualified Endowment Credit - Montana
Qualified Endowment Credit is a legal document that was released by the Montana Department of Revenue - a government authority operating within Montana.
FAQ
Q: What is the Qualified Endowment Credit?
A: The Qualified Endowment Credit is a tax credit in Montana.
Q: How does the Qualified Endowment Credit work?
A: The credit is available to individuals and businesses that contribute to qualified endowment funds.
Q: What is a qualified endowment fund?
A: A qualified endowment fund is a permanent fund that is established and maintained by a charitable organization.
Q: What is the purpose of the Qualified Endowment Credit?
A: The credit is designed to encourage donations to qualified endowment funds in Montana.
Q: How much can I claim as a credit?
A: The amount of the credit is 40% of the contribution, up to a maximum of $10,000 for individuals and $20,000 for corporations.
Q: Who is eligible for the Qualified Endowment Credit?
A: Individuals and corporations that contribute to qualified endowment funds in Montana are eligible for the credit.
Form Details:
- Released on May 1, 2018;
- The latest edition currently provided by the Montana Department of Revenue;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Montana Department of Revenue.
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