“In 2023, Montana homeowners and renters are about to experience the largest property tax increase in history," said former state Revenue Director Dan Bucks.
Montana property owners may see historically-high tax hikes mtstandard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mtstandard.com Daily Mail and Mail on Sunday newspapers.
MT Republicans ironing out final details on tax-cut bonanza
Total cuts could be $50 million a year, or more
By: Mike Dennison
and last updated 2021-04-21 18:38:46-04
HELENA â As the 2021 Legislature nears its end, Republican lawmakers are ironing out the final details on a multimillion-dollar tax-cut bonanza likely to include income- and property-tax cuts.
The centerpiece is a reduction in the stateâs top income-tax rate and, eventually, a possible overhaul of the entire income-tax structure, reducing the number of tax brackets to only two and eliminating two-dozen tax credits.
The Republican majority appears ready to pass one bill reducing the top income-tax rate from 6.9 percent to 6.75 percent, starting in 2022 and then a second bill to revamp the system and lower the top rate to 6.5 percent, starting as early as 2023. Both bills are on the House floor Thursday.