Montana SB203 revises income tax brackets to lower income taxes.
Montana SB203 revises income tax brackets to lower income taxes by adjusting the tax rates and income thresholds. The bill introduces a modified inflation factor for tax year 2026, which will be used to adjust the tax brackets annually. It defines "net long-term capital gains" and "nonqualified taxable income," specifying tax rates for different income levels and filing statuses. The changes are effective upon passage and apply retroactively to income tax years beginning after December 31, 2024.
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