Bill > HB592

This bill amends Montana law to provide income tax exemptions for military personnel. Specifically, it exempts salary earned by a Montana resident serving on active duty in the regular armed forces if they entered active duty from Montana, and it also exempts the first $5,000 of salary for Montana residents serving in the Montana National Guard or as reservists, with this amount adjusted annually for inflation. Additionally, the bill exempts salary received by Montana residents for state military duty in the National Guard, and it clarifies that certain reimbursements for life insurance premiums and benefits received under specific military laws are also exempt from state income tax. This legislation is intended to apply retroactively to tax years beginning after December 31, 2012.