Montana Ag Network: Montana governor promotes Big Jobs Act and Ag
and last updated 2021-03-08 11:45:52-05
Montanaâs equipment tax for small businesses is being reevaluated this legislative session. The new legislation in Helena could be more beneficial to small businesses, including farms and ranches.
Sponsored by Rep. Josh Kassmier (R-Fort Benton), the Big Jobs Act, or Business Investment Grows Jobs Act, doubles the business equipment tax exemption in Montana from $100,000 to $200,000.
Last week, Gov. Gianforte visited the Hayhook Ranch south of Clyde Park to discuss how farmers and ranchers may benefit from the legislation.
âFor all these businesses, whether it's a contractor, or a rancher, that money is going to be available to invest back into their businesses,â said Gov. Gianforte as he stood in front of a John Deere tractor. âThat then ripples through the community and helps the other Main Street businesses that are supplying services.â