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Governor's tax relief efforts in limbo after Montana senators table key bills

Montana senators tabled Governor Gianforte's priority income and property tax bills on Wednesday.
Gianforte advocated for tax cuts to address the affordability crisis for Montanans.
Legislators debated several income and property tax relief measures to address rising property taxes.
Senator Hertz stated the governor's plan "pulls off too much money, too fast, at the top."
Despite setbacks, negotiations continue, with possible compromise and future legislative action expected.

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KPAX

+5 Reposted by 5 other sources

Center

With deadline approaching, Montana lawmakers taking action on property, income tax bills

The Montana Legislature is fast approaching another deadline, and theres been a lot of movement this week on the huge number of bills seeking to offer property or income tax relief.Any bill that affects state revenue needs to pass through either the House or Senate by the end of the day Saturday. That includes tax bills and it means the number of active tax cut proposals could soon be narrowed down.Were down to a matter of choices now, said Sen.…

1 day ago

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Montana Free Press

+2 Reposted by 2 other sources

Center

Senate committee votes down Gianforte’s income tax cut, property tax relief bill

The Montana Senate Taxation Committee voted down two major tax bills backed by Gov. Greg Gianforte Wednesday, killing a measure that would have cut a full percentage point off the state’s primary income tax rate and another that would have increased property taxes on second homes as part of efforts to lower homeowner tax bills.The Republican-controlled committee, chaired by Sen. Greg Hertz, R-Polson, also voted down an income tax credit-based pr…

2 days ago

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Helena Independent Record

+2 Reposted by 2 other sources

Center

Governor's tax relief efforts in limbo after Montana senators table key bills

The Senate Taxation Committee voted down a key Democrat-backed property tax relief bill and Gov. Greg Gianforte’s priority income tax and property tax bills on Wednesday.

2 days ago·Helena, United States

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Daily Montanan

Lean Left

Bill to increase business equipment exemption earns bipartisan support in Senate • Daily Montanan

A tractor harvests sugar beets in this aerial photo near Sidney, Montana (Photo by Larry Mayer | Getty Images). On a bipartisan vote Tuesday, the Montana Senate approved a bill to increase the business equipment tax exemption rate, a priority for Gov. Greg Gianforte. Gianforte, a Republican, earlier described it as a “tool tax,” and members of the agricultural and business communities spoke in support of it at a hearing. Sen. Josh Kassmier, R-Fo…

2 days ago

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Missoula Current

Montana lawmakers taking action on property, income tax bills

Any bill that affects state revenue needs to pass through either the House or Senate by the end of the day Saturday. Continue reading…

19 hours ago

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Sidney Herald

Montanans sent us here to get things done

HELENA, Mont. – During a press conference at the State Capitol, Governor Greg Gianforte today emphasized the importance of delivering permanent meaningful tax relief to Montanans this year and called on the legislature to prioritize investments in public safety.

1 day ago

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