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MT HB16
Bill
Status
Passed
4/7/2025
Primary Sponsor
Larry Brewster
Click for details
AI Summary
- Removes eligibility for infrastructure loans based solely on increasing wages or incomes of existing employees and employers; loans now require creating at least 15 new permanent full-time jobs or expanding a business by at least 15 additional jobs
- Eliminates consideration of "increased salaries, wages, and business incomes of existing jobholders and businesses" as a factor when the board determines loan size
- Prohibits taxpayers from claiming both a tax credit and a deduction for the same infrastructure use fees; if the fee is deducted, the credit cannot be claimed
- Updates infrastructure definition to reference authorization under Section 7-15-4288(4) rather than listing specific examples like water systems, sewer systems, and roads
- Applies to infrastructure loans made on or after the effective date and tax credits claimed after December 31, 2025; requires notification to federally recognized tribal governments in Montana
Legislative Description
Revise infrastructure loan program and tax credit
Taxation--Corporations
Last Action
Chapter Number Assigned
4/7/2025
Committee Referrals
Taxation1/15/2025
Taxation12/20/2024
Full Bill Text
No bill text available