HELENA — Republican representatives have advanced a proposal to provide tax credits for anyone who donates to certain educational programs, both public and private.
Representatives voted 57-43 to pass Republican Sen. Llew Jones’ Senate Bill 410 on second reading Thursday. It would go to Democratic Gov. Steve Bullock if it passes a final vote in the House.
The proposal would provide income-tax credits in the full amount, up to $150, of donations made to scholarships for private K-12 education or “innovative educational programs” at public schools.
Tax credits allowed on either side would be capped at $3 million. Ten percent more credits could be granted each year that donations or credits total $3 million, but the threshold to increase the cap would always remain at $3 million.