Montana HB21 establishes a workforce housing tax credit for qualified projects starting in 2026.
Montana HB21 establishes a workforce housing tax credit for qualified projects, allowing taxpayers to claim the credit against taxes due starting in 2026. The credit must be administered by the board of housing, which issues eligibility statements for qualified projects. The credit can be carried forward for up to five years if not used in the year it is earned. The board of housing cannot allocate more than $1.5 million in credits per allocation year. The credit may be claimed against income tax or insurance premium taxes.
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