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MT SB371
Bill
AI Summary
- 50% of net income from sales of Montana-produced goods may be subtracted from both individual and corporate taxable income
- "Montana-produced goods" defined as articles planted, cultivated, grown, harvested, raised, collected, processed, or manufactured in Montana, including food, beverages, devices, fine arts, crafts, clothing, and goods from small businesses independently owned and operated primarily in the state
- Amends MCA sections 15-30-2120 (individual income tax) and 15-31-113 (corporate income tax) to add the new subtraction
- Applies to tax years beginning after December 31, 2025
Legislative Description
Generally revise agriculture laws - MT made products
Taxation--Individual Income
Last Action
(S) Died in Process
5/23/2025
Committee Referrals
Taxation2/20/2025
Full Bill Text
No bill text available