Gov Gianforte provides update on pandemic in Montana ktvh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktvh.com Daily Mail and Mail on Sunday newspapers.
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Montana lawmakers advanced three bills Tuesday requested by Gov. Greg Gianforte to reduce taxes for residents and business owners. They tabled another bill that would have broadened the state’s Earned Income Tax Credit.
Gianforte and his Republican colleagues in the statehouse say the proposed tax cuts are key to carrying out the governor’s so-called Montana Comeback Plan.
Sen. Greg Hertz of Polson is carrying two of the bills. The objective there is to attract more businesses into Montana with higher wage jobs, Hertz says.
Senate Bill 159 would cut the state’s top marginal income tax rate from 6.9% to 6.75%. It would impact more than half of taxpayers in Montana and would reduce state revenue by an estimated $30 million.
Gianforte s Proposed Tax Cuts Advance; Democratic Tax Proposal Rejected mtpr.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mtpr.org Daily Mail and Mail on Sunday newspapers.
The Montana House Thursday offered its support to a bill that would exempt thousands of businesses from paying taxes on equipment, a major priority for Gov. Greg Gianforte. Lawmakers were also briefed on a proposal that would get rid of the tax entirely.
Tax reform week at the Montana Legislature seeleylake.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seeleylake.com Daily Mail and Mail on Sunday newspapers.