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Governor's tax policies hitting state Legislature


Over the upcoming week, the state Legislature will take up several of the policies proposed by Gov. Greg Gianforte in his inaugural state budget.
Gianforte, the state’s first Republican executive in 16 years, has dubbed it “Tax Reform Week.” In an interview last Friday, the governor said his goal is to provide “broad-based tax relief to individuals, low-income folks and small business” through incremental changes that he wants to start this session and expand on later in his term.
Business organizations in the state support the proposals from Gianforte, as his plans align with what the groups have long called for. The governor argues things like raising the business equipment tax exemption, dropping the top income tax rate and eliminating the capital gains tax for some entrepreneurs will result in more investment and jobs in the state, overall boosting the economy. Republicans, who hold the majority in the Legislature, have also indicated they back ....

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