Montana SB371 revises tax laws to provide incentives for Montana-produced goods and military income.
Montana SB371 revises state tax laws to provide incentives for the sale of Montana-produced goods and military income. The bill defines "Montana-produced goods" as items planted, cultivated, grown, harvested, raised, collected, processed, or manufactured in Montana. It allows a subtraction from individual and corporate income taxes for the income from Montana-produced goods. The bill also provides a subtraction from federal taxable income for military pensions and retirement income for certain residents.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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