Republican Gov. Greg Gianforte on Thursday signed more bills aimed at implementing his tax proposals laid out at the start of the legislative session.
The bills cut the state s top marginal income tax rate and reduce the number of businesses paying the business equipment tax.
Back in January, Gianforte said his goal was to get the state s top marginal income tax rate below 5%, but acknowledged it wouldn t be possible all at once. The rate was 6.9%.
At first, one bill emerged to cut the rate to 6.75%. But it got held up after a GOP amendment cut the rate even further, which more than doubled the legislation s hit to the state s revenues.
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Governor s tax cut bills, now working together, advance
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