MT HB329

Ammunition component manufacturers in Montana are exempt from state property taxes for educational purposes, business equipment tax, individual income taxes, corporate income taxes, and other state business taxes through December 31, 2035

Lenders and investors who provide loans to qualifying ammunition component manufacturers are exempt from individual and corporate income taxes on income attributable to those loans

Manufacturers must keep products available to Montana commercial and individual consumers at prices no higher than out-of-state purchasers, and cannot enter contracts committing all production to out-of-state buyers

Real property tax exemption extends to any property within 500 yards of manufacturing or storage structures used for ammunition components

Exemptions apply retroactively to tax years beginning January 1, 2025, and terminate December 31, 2035; employers still owe payroll taxes for unemployment insurance and workers' compensation