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.

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.