summary
Introduced
03/15/2017
03/15/2017
In Committee
03/16/2017
03/16/2017
Crossed Over
Passed
Dead
04/28/2017
04/28/2017
Introduced Session
2017 Regular Session
Bill Summary
Providing for a new uppermost tax rate
AI Summary
This bill proposes to amend the existing Montana tax law by introducing a new uppermost tax rate of 7.9% on taxable income in excess of $500,000, up from the previous rate of 6.9% on taxable income exceeding $17,400. The bill also adjusts the income brackets to which the various tax rates apply, with the highest rate of 7.9% now applying to taxable income above $500,000. The bill specifies that the changes are effective immediately and apply retroactively to tax years beginning after December 31, 2016.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
(S) Died in Standing Committee (on 04/28/2017)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://laws.leg.mt.gov/legprd/LAW0210W$BSIV.ActionQuery?P_BILL_NO1=350&P_BLTP_BILL_TYP_CD=SB&Z_ACTION=Find&P_SESS=20171 |
| BillText | http://leg.mt.gov/bills/2017/sb0399/SB0350_1.pdf |
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