Montana HB16 revises the infrastructure loan program and tax credit, limiting eligibility and loan amounts.
Montana HB16 amends the infrastructure loan program and tax credit. It removes eligibility for increasing wages or incomes of existing employees and employers. It prohibits the infrastructure use fee from being claimed as a tax credit and a deduction. The bill sets a maximum annual loan amount of $50 million and requires loans to be used for infrastructure projects that benefit Montana residents and the economy. It also mandates that the board consider various factors when determining loan sizes, such as job creation and economic impact.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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