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MT HB440

Bill

Official Source

Status

Failed

5/20/2025

Primary Sponsor

Jane Weber

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Retailers selling Montana-produced food directly to consumers may subtract 50% of net income from those sales from both individual and corporate state income taxes
  • "Montana-produced food" includes food and beverages planted, cultivated, grown, harvested, raised, collected, processed, or manufactured in Montana, but excludes food prepared for onsite consumption (restaurant meals)
  • Taxpayers must report net income from food identified by the vendor as Montana-produced to claim the subtraction
  • Effective January 1, 2026, applies to tax years beginning after December 31, 2025
  • Terminates December 31, 2031 (approximately 6-year sunset provision)

Legislative Description

Providing tax incentives to put Montana-produced food first

Taxation--Individual Income

Last Action

(H) Died in Process

5/20/2025

Committee Referrals

Appropriations2/24/2025
Taxation2/10/2025

Full Bill Text

No bill text available