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Gianforte tax-cut plans debut at MT Legislature
Income-tax cuts front and center
By: Mike Dennison
and last updated 2021-02-11 19:56:44-05
HELENA â The centerpiece of Republican Gov. Greg Gianforteâs tax-cut plans â a series of current and future cuts in the state income tax â had strong support from the business community as its first hearing Thursday.
And the administration itself made it clear that businesses are the main target of the reductions, arguing that lower state income taxes will encourage companies to relocate and expand in Montana.
âBy proposing this bill and the others being heard here today, Gov. Gianforte is sending a message to entrepreneurs and business leaders in Montana and across the country: We want you and your good-paying jobs,â said the governorâs Budget Director Kurt Alme.
Legislature Considers Bill to Reduce Income Tax Rate Feb 11, 2021
HELENA For more than two hours Thursday, lawmakers heard testimony from 20 proponents and 18 opponents on Senate Bill 159, which would slash the top income tax rate from 6.9% to 6.75%.
The bill’s supporters said it would help bring the state more in line with other western states with lower income tax rates, incentivizing business to move to Montana.
Montana has the second highest income tax rate among its neighbors. However, it is also the only state in the region without a sales tax.
Gov. Greg Gianforte’s Budget Director Kurt Alme said lowering Montana’s income tax would position the state well as it comes out of the pandemic.
One month in: Gov. Gianforte talks about vaccine, economy, and more
MTN News
and last updated 2021-02-07 20:42:32-05
It s been a whirlwind first month in office for Montana Governor Greg Gianforte.
The Bozeman businessman inherited the Treasure State s highest office in the middle of the COVID-19 pandemic, including the early stages of vaccine distribution. One of his first acts repealed pandemic-related capacity and curfew restrictions on businesses across Montana, and he said the state s mask mandate. in place since July - would be next if two key stipulations were met: getting Montana s most vulnerable citizens vaccinated, and passing the Virus Liability bill to protect businesses and organizations against COVID-related lawsuits.
Montana Governor Greg Gianforte wasted no time in his new position, lifting COVID-19 business restrictions one week into office. The next three haven't been much slower. Gianforte sat down with MTN to discuss Montana's shifting economy, vaccine distribution, and the immediate future.