Montana SB536 revises the contractor gross receipts tax, exempting compliant individuals and businesses from the tax.

Montana SB536 revises the contractor gross receipts tax by exempting individuals and businesses in full compliance with state income, payroll, and property tax obligations. The Department of Revenue must publish a list of exempt entities on its website. To qualify, individuals and businesses must file tax statements on time and pay all state taxes and wage withholdings. The exemption applies to public contractors, defined as those performing public construction work exceeding $80,000. The act also grants rulemaking authority to the Department to ensure exemption accuracy.

Montana SB536 revises the contractor gross receipts tax, exempting compliant individuals and businesses from the tax.

Montana SB536 revises the contractor gross receipts tax by exempting individuals and businesses in full compliance with state income, payroll, and property tax obligations. The Department of Revenue must publish a list of exempt entities on its website. To qualify, individuals and businesses must file tax statements on time and pay all state taxes and wage withholdings. The exemption applies to public contractors, defined as those performing public construction work exceeding $80,000. The act also grants rulemaking authority to the Department to ensure exemption accuracy.