Montana SB53 revises income tax laws to implement changes from prior legislation.
Montana SB53 revises income tax laws to implement changes from prior income tax simplification legislation. It revises marital filing status references, provides a deadline extension when a deadline falls on a recognized federal filing holiday, and references the Internal Revenue Code for what is considered a qualified withdrawal from an education savings account. The bill also repeals a section of the Montana Code Annotated and provides an immediate effective date with retroactive applicability to tax years beginning after December 31, 2024.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.