Admin. R. Mont. 42.15.806 – Taxation of Family Education Savings Program Account Earnings

(1) Earnings on family education savings program accounts are not included in Montana taxable income when earned. The earnings will be included in Montana taxable income when distributed to the extent they are not used to pay for qualified education expenses.

Authorizing statute(s): 15-30-2620, 15-62-201, MCA

Implementing statute(s): 15-30-2120, MCA

History: NEW, 2004 MAR p. 1031, Eff. 4/23/04; AMD, 2010 MAR p. 1088, Eff. 4/30/10; AMD, 2022 MAR p. 1948, Eff. 9/24/22; AMD, 2025 MAR, 42-1088, Eff. 1/25/25.