HB329

Montana HB329 makes permanent the Montana Ammunition Act, exempting ammunition component manufacturers from various taxes.

Montana HB329 makes permanent the Montana Ammunition Act, which exempts manufacturers of ammunition components from property, individual income, and corporate income taxes. The act also exempts lenders and investors providing loans to ammunition component manufacturers from certain taxes. The exemptions apply to businesses that sell products to in-state consumers and do not commit to out-of-state sales exclusively. The act is effective upon passage and applies retroactively to tax years beginning on or after January 1, 2025.