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Proposed STEP tax puts business at risk helenair.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from helenair.com Daily Mail and Mail on Sunday newspapers.
Listen • 2:22 Montana lawmakers advanced three bills Tuesday requested by Gov. Greg Gianforte to reduce taxes for residents and business owners. They tabled another bill that would have broadened the state’s Earned Income Tax Credit. Gianforte and his Republican colleagues in the statehouse say the proposed tax cuts are key to carrying out the governor’s so-called Montana Comeback Plan. Sen. Greg Hertz of Polson is carrying two of the bills. The objective there is to attract more businesses into Montana with higher wage jobs, Hertz says. Senate Bill 159 would cut the state’s top marginal income tax rate from 6.9% to 6.75%. It would impact more than half of taxpayers in Montana and would reduce state revenue by an estimated $30 million. ....
Gianforte's Proposed Tax Cuts Advance; Democratic Tax Proposal Rejected mtpr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mtpr.org Daily Mail and Mail on Sunday newspapers.
The Montana House Thursday offered its support to a bill that would exempt thousands of businesses from paying taxes on equipment, a major priority for Gov. Greg Gianforte. Lawmakers were also briefed on a proposal that would get rid of the tax entirely. ....
State Lawmaker Proposes Constitutional Amendment Limiting Tax Options A Kalispell Republican has revived an effort to amend Montana’s Constitution in an attempt to fundamentally change the state’s tax code. Critics say the proposed policy is confusing and could leave a massive hole in the state budget. Rep. Derek Skees says House Bill 261 is meant to protect taxpayers. It would amend Montana’s Constitution to say the state can only put in place three types of taxes: income, property and sales. It would also limit the state by requiring that only two of those taxes be in place at any time. ....