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MT HB306

Bill

Official Source

Status

Failed

5/20/2025

Primary Sponsor

Denise Baum

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Creates an income tax credit for property owners who rent Montana dwellings at less than 110% of HUD fair market rent for the county
  • Credit amount equals $200 for each $100 that 110% of fair market rent exceeds the actual monthly rent charged
  • Unused credits may be carried forward for 3 years; available to both individual and corporate taxpayers, including pass-through entities
  • Qualifying dwellings must have a lease of at least 1 year and meet federal housing quality standards (24 CFR 982.401)
  • Credit cannot be combined with other rent-limiting programs; applies to tax years beginning after December 31, 2025

Legislative Description

Provide tax credit to landlords that rent for below market rate

Taxation--Individual Income

Last Action

(H) Died in Process

5/20/2025

Committee Referrals

Taxation1/24/2025

Full Bill Text

No bill text available