15-62-207. Deductions for contributions. An individual who contributes to an account in a tax year is entitled to reduce the individual's adjusted gross income, in accordance with 15-30-111(8), by the amount of the contribution, but not more than $3,000. The contribution must be made to an account owned by the contributor, the contributor's spouse, the contributor's child, or the contributor's stepchild if the stepchild is a Montana resident.

     History: En. Sec. 1, Ch. 468, L. 2001.