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To encourage planned giving in Montana, the legislature provides for a Montana State Income Tax credit for certain contributions to permanent endowment funds of Montana charities.
A summary of these rules are:
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Individuals must make planned gifts. Those gifts qualify for a 40% tax credit up to $10,000. |
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Planned gifts must have a life of over five years. |
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Corporate or other business entity gifts qualify for a 20% credit up to $10,000 and these entities may make outright gifts. |
This is a change in current law and becomes effective July 1, 2003.
For more information regarding planned gifts or how the Montana Endowment Tax Credit can benefit you as well as Benefis Healthcare Foundation please call Marilyn at
(406) 455-5840 or 1-800-544-7798. We would be pleased to personally visit with you or send you further information.
More information about endowments and philanthropy in Montana
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