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An update on legislative accomplishments
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Legislature passes broadband proposals
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Listen • 1:12
A pair of bills to cut Montana’s income tax and reduce the number of state income tax brackets has been endorsed along party lines by House lawmakers.
One bill cuts the top state income tax rate from 6.9% to 6.75%. A second bill gets rid of two dozen tax credits, reduces the number of income tax brackets to two and further cuts the top rate to 6.5% starting in 2024.
Elliston Republican Rep. Becky Beard says the cuts will make Montana economically competitive with neighboring states.
“These reductions will be achieved in a sensible manner so our balanced budget will remain just that balanced, Beard said.