Rule 42.4.804 - CREDIT LIMITATIONS AND CLAIMS(1) A claimant may claim a credit for contributions made in cash to a school district provided in 20-9-901, MCA, and/or a student scholarship organization (SSO), provided in 15-30-3110, MCA. For the purpose of this rule, cash includes:(f) an electronic bank account transfer (e.g., wire transfer, ACH draft);(g) a credit card transaction (less any transaction surcharges or fees); or (2) The maximum credit that may be claimed in a tax year by an individual claimant or a corporation for allowable contributions to: (a) a school district is $200,000; and(3) An allowable contribution from:(a) an S corporation passes to its shareholders based on their ownership percentage; and(b) a partnership or limited liability company taxed as a partnership passes to their partners and owners based on their share of profits and losses as reported for Montana income tax purposes.NEW, 2015 MAR p. 2332, Eff. 12/25/2015; AMD, 2021 MAR p. 1968, Eff. 1/1/2022; AMD, 2024 MAR p. 2162, Eff. 9/7/2024AUTH: 15-1-201, 15-30-3114, MCA; IMP: 15-30-3101, 15-30-3111, MCA