Gianforte said Montanans at every income level would see a benefit. His office estimated the package of bills includes more than $500 million in permanent income tax relief.
The Senate gave final approval to four bills that complete an “eight pack” of measures sought by Republican Gov. Greg Gianforte from the legislature surrounding the governor’s tax cut and investment goals.
Tesla is asking the Governor’s Office for Economic Development to approve $412 million in additional tax abatements and reimbursements for expanding their Northern Nevada gigafactory.
A bill that would give a tax break to top earners in the state looks likely to land on Gov. Greg Gianforte’s desk soon, and a bill letting kids fight bullies has support.
As proposed, the measure would make the New Markets Tax Credit a permanent part of the tax code. If the bill passes, it could make funding available for Montana businesses and community programs.
Montana Public Service Commissioners would be appointed by the governor and confirmed by the Senate instead of elected by voters if House Bill 755 becomes law.