Montana HB440 provides tax incentives for the sale of Montana-produced food by subtracting 50% of the net income from such sales from individual and.
Montana HB440 amends the state's tax code to provide incentives for the sale of Montana-produced food. The bill introduces a subtraction from both individual and corporate income taxes, equal to 50% of the net income from the sale of Montana-produced food. This subtraction applies to income generated at the point of sale by the retailer to the ultimate consumer. The bill defines "Montana-produced food" as articles normally used by humans as food or drink, including alcoholic and nonalcoholic beverages, and articles used for duty in the national guard.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.