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MT HB652

Bill

Official Source

Status

Failed

5/20/2025

Primary Sponsor

Nelly Nicol

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Military pensions and retirement income from U.S. armed forces, National Guard, and reserve components would be fully exempt from Montana state income tax, removing previous limitations that capped the exemption at 50% tied to Montana wage income
  • All survivor benefits for military service would be fully exempt from state income tax, expanding from the previous 50% exemption
  • Repeals the December 31, 2033 sunset date and the 5-year limitation on claiming the exemption, making the tax exemption permanent
  • Removes residency timing requirements that previously restricted eligibility to those who became Montana residents after June 30, 2023 or were already residents before receiving military retirement
  • Effective January 1, 2026, applying to tax years beginning after December 31, 2025

Legislative Description

Eliminate state taxes on veterans retirement

Taxation--Individual Income

Last Action

(H) Died in Process

5/20/2025

Committee Referrals

Taxation2/22/2025

Full Bill Text

No bill text available