Montana HB827 revises social security income taxation, modifying the federal calculation for state returns.

Montana HB827 revises social security income taxation by modifying the federal calculation for state returns. It adjusts the taxable income for military pensions and retirement income, contributions to education savings accounts, and other specific income sources. The bill also sets conditions for claiming certain deductions and specifies the effective date as January 1, 2026.

Montana HB827 revises social security income taxation, modifying the federal calculation for state returns.

Montana HB827 revises social security income taxation by modifying the federal calculation for state returns. It adjusts the taxable income for military pensions and retirement income, contributions to education savings accounts, and other specific income sources. The bill also sets conditions for claiming certain deductions and specifies the effective date as January 1, 2026.