Montana HB868 revises tax rates for net long-term capital gains, adjusting brackets and rates annually.

Montana HB868 revises the tax rates for net long-term capital gains, introducing tiered tax rates based on income brackets and adjusting these brackets annually for inflation. The bill specifies different tax rates for various categories of taxpayers, including individuals, married couples filing jointly, and estates or trusts. The tax rates and brackets are adjusted each year by the Department of Revenue based on the inflation factor. The changes apply to income tax years beginning after December 31, 2025.

Montana HB868 revises tax rates for net long-term capital gains, adjusting brackets and rates annually.

Montana HB868 revises the tax rates for net long-term capital gains, introducing tiered tax rates based on income brackets and adjusting these brackets annually for inflation. The bill specifies different tax rates for various categories of taxpayers, including individuals, married couples filing jointly, and estates or trusts. The tax rates and brackets are adjusted each year by the Department of Revenue based on the inflation factor. The changes apply to income tax years beginning after December 31, 2025.