An individual who contributes to one or more accounts established pursuant to this chapter in a tax year is entitled to reduce the individual's Montana taxable income, in accordance with 15-30-2120, if the individual is:

1. (1) the designated beneficiary;
2. (2) the spouse of the designated beneficiary; or
3. (3) a parent, grandparent, sibling, or child related to the designated beneficiary by blood, marriage, or legal adoption.

History: En. Sec. 11, Ch. 436, L. 2015; amd. Sec. 10, Ch. 433, L. 2019; amd. Sec. 56, Ch. 503, L. 2021; amd. Sec. 7, Ch. 545, L. 2025.