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MT HB148

Bill

Official Source

Status

Failed

5/20/2025

Primary Sponsor

Ron Marshall

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Social security benefits received by Montana residents would be fully exempt from state income tax, removing them from the definition of "Montana source income"
  • Social security benefits would be added as a subtraction from federal taxable income when calculating Montana taxable income
  • Amends MCA sections 15-30-2101 (definitions) and 15-30-2120 (adjustments to federal taxable income)
  • Effective date of January 1, 2026, applying to tax years beginning after December 31, 2025
  • Sponsored by R. Marshall and 12 additional legislators in the 69th Legislature

Legislative Description

Repeal state tax on social security income

Retirement

Last Action

(H) Died in Process

5/20/2025

Committee Referrals

Appropriations2/3/2025
Taxation1/9/2025

Full Bill Text

No bill text available