summary
Introduced
03/11/2021
03/11/2021
In Committee
03/12/2021
03/12/2021
Crossed Over
Passed
Dead
04/29/2021
04/29/2021
Introduced Session
2021 Regular Session
Bill Summary
Increase state earned income tax credit
AI Summary
This bill increases the state earned income tax credit (EITC) in Montana from 3% to 10% of the federal EITC amount for which the taxpayer is eligible. The EITC is a refundable tax credit that provides financial assistance to low-income working individuals and families. By increasing the state EITC percentage, the bill aims to provide more tax relief and financial support to these households. The changes apply to income tax years beginning after December 31, 2021.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
(H) Died in Process (on 04/29/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://laws.leg.mt.gov/legprd/LAW0210W$BSIV.ActionQuery?P_BILL_NO1=631&P_BLTP_BILL_TYP_CD=HB&Z_ACTION=Find&P_SESS=20211 |
| Fiscal Note HB0631_1 | https://leg.mt.gov/bills/2021/FNPDF/HB0631_1.pdf |
| BillText | https://leg.mt.gov/bills/2021/HB0699/HB0631_1.pdf |
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