summary
Introduced
02/13/2023
02/13/2023
In Committee
03/14/2023
03/14/2023
Crossed Over
Passed
Dead
05/02/2023
05/02/2023
Introduced Session
2023 Regular Session
Bill Summary
Repeal state tax on social security income
AI Summary
This bill repeals the state tax on social security income in Montana. Specifically, it amends the state's tax code to remove social security benefits from the definition of "Montana source income" that must be included in taxable income. This change will apply to income tax years beginning after December 31, 2023, effectively exempting social security benefits from state income taxation starting in the 2024 tax year.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
(H) Missed Deadline for Revenue Bill Transmittal (on 04/06/2023)
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=526&P_BLTP_BILL_TYP_CD=HB&Z_ACTION=Find&P_SESS=20231 |
| Fiscal Note HB0526_1 | https://leg.mt.gov/bills/2023/FNPDF/HB0526_1.pdf |
| BillText | https://leg.mt.gov/bills/2023/HB0599/HB0526_1.pdf |
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