Tax reform week at the Montana Legislature
February 18, 2021
HELENA- This was “tax reform week” at the Montana Legislature. Many of Governor Gianforte’s Montana Comeback tax proposals had committee hearings this week with tremendous support. The House Taxation Committee heard two of these bills and the Senate Taxation Committee took up another three.
House Bill 303 is the Business Investment Grows Jobs or BIG Jobs Act. This bill’s main economic benefit is to increase the business equipment tax exemption from $100,000 to $200,000. It will allow small businesses to expand their operations and hire more workers leading to economic growth in the...