Montana HB839 provides a $500 income tax credit for residents who have lived in the state for at least 10 years and earn less than $100,000 annually.

Montana HB839 introduces a new income tax credit for residents who have lived in Montana for at least 10 years and have an annual income below $100,000. The credit amount is set at $500 and applies to income tax years beginning after December 31, 2025. The credit cannot be refunded or carried over to another tax year. The bill also mandates that the Montana Revenue Interim Committee review various tax credits to assess their economic impact and effectiveness.

Montana HB839 provides a $500 income tax credit for residents who have lived in the state for at least 10 years and earn less than $100,000 annually.

Montana HB839 introduces a new income tax credit for residents who have lived in Montana for at least 10 years and have an annual income below $100,000. The credit amount is set at $500 and applies to income tax years beginning after December 31, 2025. The credit cannot be refunded or carried over to another tax year. The bill also mandates that the Montana Revenue Interim Committee review various tax credits to assess their economic impact and effectiveness.