HB327

Montana HB327 proposes a legislative referendum to allow the state legislature to establish a program for income tax refunds to resident taxpayers.

Montana HB327 proposes a legislative referendum to allow the state legislature to establish a program for income tax refunds to resident taxpayers when the state has excess revenue. If enacted, the legislature would have the authority to determine the amount of revenue that triggers the refunds, how to calculate the refund amount, eligibility requirements for the refund, and how to distribute the refunds. The proposed act would be submitted to the qualified electors of Montana at the general election in November 2026.