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Massive income tax revision clears committee


On a 6-5 vote Thursday, a Senate committee advanced a dramatic re-write of the state s income tax laws.
Senate Bill 399 is from Sen. Greg Hertz, R-Polson. It s similar to a 2015 bill from another Republican Flathead lawmaker, former Sen. Bruce Tutvedt. That bill cleared the Legislature but was vetoed by the former Democratic governor. 
For years our Montana tax code s been loaded with special interest credits (and) deductions, so to me it s time to broaden the base and simplify our process, Hertz told the Senate Taxation Committee.
The bill would cut the state s income tax brackets from seven to two, and set their tax rates at 4.7% for the lower tier and 6.5% for the upper. It would also eliminate several individual and corporate income tax credits. ....

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Montana State Budget Clears House of Representatives, Lawmakers Consider Criminal Justice and Ag Bills in Week 12 of Legislative Session

Montana State Budget Clears House of Representatives, Lawmakers Consider Criminal Justice and Ag Bills in Week 12 of Legislative Session
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