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MontanaHB 84569th Legislature, Regular Session (2025)HouseWALLET

Increase IRC 529 education savings income tax deduction

Sponsored By: Julie Darling (Republican)

Signed by Governor

Taxation--Individual IncomeRevenue, StateTaxationCollegesEducation - K-12Education - Post-Secondary

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Bigger Montana tax break for college savings

The law increases Montana’s 529 college-savings deduction. You can subtract up to $4,500 each year ($9,000 if married filing jointly). You can claim it only for contributions to accounts owned by you, your spouse, or your Montana-resident child or stepchild. This applies to tax years that begin after December 31, 2024. For tax years after 2025, the cap rises with inflation and is rounded to the nearest $100. State recapture rules still apply if you make nonqualified withdrawals.

Sponsors & Cosponsors

Sponsor

  • Julie Darling

    Republican • House

Cosponsors

  • Dave Fern

    Democrat • Senate

Roll Call Votes

All Roll Calls

Yes: 282 • No: 11

Senate vote • 4/22/2025

Do Concur

Yes: 48 • No: 2

Senate vote • 4/18/2025

Do Concur

Yes: 44 • No: 4

House vote • 4/2/2025

Do Pass

Yes: 93 • No: 2

House vote • 4/1/2025

Do Pass

Yes: 97 • No: 3

Actions Timeline

  1. Chapter Number Assigned

    5/19/2025House

  2. Signed by Governor

    5/13/2025House

  3. Transmitted to Governor

    5/7/2025House

  4. Signed by President

    5/6/2025Senate

  5. Signed by Speaker

    5/2/2025House

  6. Returned from Enrolling

    4/27/2025House

  7. Sent to Enrolling

    4/22/2025House

  8. 3rd Reading

    4/22/2025Senate

  9. 2nd Reading

    4/18/2025Senate

  10. Committee Report

    4/9/2025Senate

  11. Committee Executive Action

    4/9/2025Senate

  12. Hearing

    4/4/2025Senate

  13. Revised Fiscal Note Printed

    4/3/2025House

  14. Referred to Committee

    4/3/2025Senate

  15. 1st Reading

    4/3/2025Senate

  16. Transmitted to Senate

    4/3/2025House

  17. 3rd Reading

    4/2/2025House

  18. Revised Fiscal Note Signed

    4/2/2025House

  19. Revised Fiscal Note Received

    4/2/2025House

  20. 2nd Reading

    4/1/2025House

  21. Revised Fiscal Note Requested

    3/31/2025House

  22. Committee Report

    3/28/2025House

  23. Committee Executive Action

    3/28/2025House

  24. Fiscal Note Printed

    3/26/2025House

  25. Hearing

    3/26/2025House

Bill Text

  • Enrolled

    4/23/2025

    PDF

  • As Amended (Version 2)

    3/28/2025

    PDF

  • Introduced

    3/19/2025

    PDF

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