KALISPELL, Mont. - Governor Greg Gianforte signed Senate Bills 159 and 399 Thursday in Kalispell.
The governor signed the Personal Income Tax Relief Act, Senate Bill 159, which reduces Montanaâs top income tax rate to 6.75 percent beginning next year according to a release.
Also signed by Gianforte was Senate Bill 399 which reduces the stateâs top income tax rate to 6.5 percent in 2024 and simplifies Montanaâs complex tax code and reduces the number of tax rates from seven to two the release says.
âAs we continue to lead the Montana comeback, weâre letting hardworking Montana families keep more of what they earn and reforming our tax system to make Montana more competitive,â Gov. Gianforte said at Thompson Precision Manufacturing in Kalispell. âThese new laws will cut Montanaâs income tax rate, simplify our complex tax code, and create more jobs and greater opportunities for Montanans.â