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MT HB839
Bill
Status
Failed
5/20/2025
Primary Sponsor
Lukas Schubert
Click for details
AI Summary
- Creates a $500 income tax credit for Montana taxpayers who have resided in the state for the prior 10 consecutive years and have income below $100,000
- Residency is established by living in Montana for at least 7 months per year
- The credit is non-refundable and cannot be carried forward to future tax years
- Adds the new credit to the list of tax credits subject to periodic review by the revenue interim committee during the biennium commencing July 1, 2023, and every 8 years thereafter
- Applies to tax years beginning after December 31, 2025
Legislative Description
Provide income tax credit for certain long-time residents
Taxation--Individual Income
Last Action
(H) Died in Process
5/20/2025
Committee Referrals
Taxation3/19/2025
Full Bill Text
No bill text available