42.4.803 SCHOOL DISTRICT AND STUDENT SCHOLARSHIP ORGANIZATION (SSO) REQUIREMENTS AND PREAPPROVAL PROCESS
(1) Prior to registering a donation with the department, a school district or SSO shall submit a complete application to the department. The application is located on the department's website at the education donations portal. The application must include the following information:
(a) the school district or SSO name, address, and federal employer identification number; and
(b) the school district or SSO donation manager's name, title, phone number, and e-mail address.
(2) A school district or SSO must register each donation, upon receipt, in the department's registration system. Preapproval of the amount of donation eligible for the credit will be provided at the time the school district or SSO registers the donation in the department's registration system.
(3) With respect to the aggregate limit of tax credits allowed for a year, the priority of donations is based upon the time and date stamp issued by the department's registration system when a school district or SSO completes registration of the donation. Donations made in excess of the aggregate limits and credit cap, which is the amount of the credit provided under 15-30-3110 and 15-30-3111, MCA, will not be eligible for the tax credit.
(4) The department will certify to a school district or SSO the amount of credit available to the taxpayer when the school district or SSO completes the registration of the donation in the department's registration system.
History: 15-1-201, 15-30-3114, MCA; IMP, 15-30-3102, 15-30-3103, 15-30-3105, 15-30-3106, MCA; NEW, 2015 MAR p. 2331, Eff. 12/25/15; AMD, 2021 MAR p. 1968, Eff. 1/1/22.