Form CC "College Contribution Credit" - Montana

What Is Form CC?

This is a legal form that was released by the Montana Department of Revenue - a government authority operating within Montana. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on August 1, 2020;
  • The latest edition provided by the Montana Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form CC by clicking the link below or browse more documents and templates provided by the Montana Department of Revenue.

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Download Form CC "College Contribution Credit" - Montana

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Form CC
2020 College Contribution Credit
V1 8/2020
15-30-2326, 15-31-135, 15-31-136, MCA
Clear Form
Name (as it appears on your Montana tax return)
Social Security
Federal Employer
-
-
-
OR
Number
Identification Number
Part I. Partners in a Partnership or Shareholders of an S Corporation
Enter your portion of the college contribution credit here. (See instructions)
$_____________________
Business Name of Partnership or S Corporation
Federal Employer
-
Identification Number
___________________________________________________
Part II. Credit Computation
List Colleges or Universities to which you contributed and the dates of the contributions __________________________
________________________________________________________________________________________________
1. Enter total amount of contribution(s) ................................................................................................. $
2. Enter the lesser of 10% (0.10) of line 1 or $500. This is your college contribution credit............ $
Where to Report Your Credit
► Individuals: Form 2, Nonrefundable Credits Schedule
► S corporations: Form PTE, Schedule II
► C corporations: Form CIT, Schedule C
► Partnerships: Form PTE, Schedule II
Eligible Institutions
Montana Location
Aaniiih Nakoda College (formerly Fort Belknap College)
Harlem
Blackfeet Community College
Browning
Carroll College
Helena
Chief Dull Knife College
Lame Deer
Dawson Community College
Glendive
Flathead Valley Community College
Kalispell
Fort Peck Community College
Poplar
Little Big Horn College
Crow Agency
Miles Community College
Miles City
Montana State University - City College
Billings
Montana State University - Billings
Billings
Montana State University - Gallatin College
Bozeman
Montana State University - Great Falls College
Great Falls
Montana State University - Northern
Havre
Montana State University
Bozeman
Montana Tech of the University of Montana
Butte
Highlands College of Montana Tech
Butte
Rocky Mountain College
Billings
Salish Kootenai College
Pablo
Stone Child College
Box Elder
University of Providence
Great Falls
University of Montana - Bitterroot College
Hamilton
University of Montana - Helena College
Helena
University of Montana - Missoula College
Missoula
University of Montana Western
Dillon
University of Montana
Missoula
If you file your Montana tax return electronically, you do not need to mail this form to us unless we ask you for a copy. When you file electronically, you
represent that you have retained the required documents in your tax records and will provide them upon the department’s request.
Form CC
2020 College Contribution Credit
V1 8/2020
15-30-2326, 15-31-135, 15-31-136, MCA
Clear Form
Name (as it appears on your Montana tax return)
Social Security
Federal Employer
-
-
-
OR
Number
Identification Number
Part I. Partners in a Partnership or Shareholders of an S Corporation
Enter your portion of the college contribution credit here. (See instructions)
$_____________________
Business Name of Partnership or S Corporation
Federal Employer
-
Identification Number
___________________________________________________
Part II. Credit Computation
List Colleges or Universities to which you contributed and the dates of the contributions __________________________
________________________________________________________________________________________________
1. Enter total amount of contribution(s) ................................................................................................. $
2. Enter the lesser of 10% (0.10) of line 1 or $500. This is your college contribution credit............ $
Where to Report Your Credit
► Individuals: Form 2, Nonrefundable Credits Schedule
► S corporations: Form PTE, Schedule II
► C corporations: Form CIT, Schedule C
► Partnerships: Form PTE, Schedule II
Eligible Institutions
Montana Location
Aaniiih Nakoda College (formerly Fort Belknap College)
Harlem
Blackfeet Community College
Browning
Carroll College
Helena
Chief Dull Knife College
Lame Deer
Dawson Community College
Glendive
Flathead Valley Community College
Kalispell
Fort Peck Community College
Poplar
Little Big Horn College
Crow Agency
Miles Community College
Miles City
Montana State University - City College
Billings
Montana State University - Billings
Billings
Montana State University - Gallatin College
Bozeman
Montana State University - Great Falls College
Great Falls
Montana State University - Northern
Havre
Montana State University
Bozeman
Montana Tech of the University of Montana
Butte
Highlands College of Montana Tech
Butte
Rocky Mountain College
Billings
Salish Kootenai College
Pablo
Stone Child College
Box Elder
University of Providence
Great Falls
University of Montana - Bitterroot College
Hamilton
University of Montana - Helena College
Helena
University of Montana - Missoula College
Missoula
University of Montana Western
Dillon
University of Montana
Missoula
If you file your Montana tax return electronically, you do not need to mail this form to us unless we ask you for a copy. When you file electronically, you
represent that you have retained the required documents in your tax records and will provide them upon the department’s request.
Form CC Instructions
Foundation means a nonprofit organization created
You will need to complete a separate Form CC for each
exclusively for the benefit of any unit of the Montana
source you are receiving the credit from. For example, if
university system, a Montana private college, a community
you are a partner in one partnership that qualifies for this
college, or a tribal college that is exempt from taxation
credit, and you, as an individual, also qualify for this credit,
under Section 501(c)(3) of the Internal Revenue Code.
you would need to complete two forms.
Montana private college means a nonprofit private
If you file electronically, you do not need to mail this form to
educational institution:
us unless we contact you for a copy.
• whose main campus and primary operations are within
Part I. Partners in a Partnership or Shareholders
the state, and
of an S Corporation
• that offers an associate degree or baccalaureate degree
level education and is accredited for that purpose by a
If you complete Part I, do not complete Part II.
national or regional accrediting agency recognized by
How do I claim my credit when I am a partner or
the board of regents of higher education.
shareholder in a partnership or an S corporation?
Who can claim this credit?
If you received this credit from a partnership or S
corporation, you will need to fill out Part I in its entirety.
An individual, corporation, partnership or S corporation
Your portion of the credit can be obtained from the Montana
making charitable contributions during the year to any of
Schedule K-1 that you received from the entity. In addition
the general endowment funds of the Montana university
to reporting your portion of the credit, you will need to
system, a private Montana college, a community college,
provide the partnership’s or S corporation’s name and
a tribal college or one of their foundations, can claim this
Federal Employer Identification Number.
credit. To be a valid charitable contribution, the taxpayer
must not receive in return the right to purchase tickets for
If you are a partner or shareholder in more than one
athletic events at the institution either directly or indirectly.
partnership or S corporation, you will need to complete a
separate Form CC for each entity you are receiving the
What information do I have to include with my tax
credit from.
return when I claim this credit?
Individuals. If you are filing a paper return, include a
Part II. Credit Computation
copy of Form CC with your individual income tax return.
If you complete Part II, do not complete Part I.
C corporations. If you are filing a paper return, include a
If the credit exceeds my tax liability, can I carry any
copy of Form CC with your corporate income tax return.
excess credit to another tax year?
S corporations and partnerships. If you are an
No, you cannot. Your credit can only be claimed in the year
entity taxed as an S corporation or a partnership and
you made the contribution and it cannot exceed your tax
are claiming this credit, include Form CC with your
liability or $500, whichever is smaller.
Montana information return Form PTE and include a
separate statement identifying each owner and their
Questions? Call us at (406) 444-6900, or Montana Relay
proportionate share.
at 711 for the hearing impaired.
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