Bill > HB854

This bill creates a state income tax credit to help offset the cost of firearm suppressor tax stamps, which are federally required documents needed to legally purchase a firearm suppressor (also known as a silencer). The tax credit allows taxpayers to claim up to $50 for the cost of one firearm suppressor tax stamp in the tax year of purchase, and if the taxpayer's tax liability is less than the credit amount, the difference will be refunded. The bill's rationale emphasizes hearing protection for shooters and hunters, noting that firearm suppressors can help prevent long-term hearing damage. The credit is specifically tied to the tax stamp required by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) when registering a suppressor, and is limited to one tax stamp per taxpayer. The bill will be effective January 1, 2026, and will apply to income tax years beginning on or after that date, with a built-in termination date of December 31, 2027, meaning the tax credit will expire at the end of 2027 unless renewed by the legislature.

Budget and Finance

https://bills.legmt.gov/#/laws/bill/2/LC2016