Montana legislation · 2025 Regular Session
Montana HB16: Revise infrastructure loan program and tax credit
Status: Signed into law, April 7, 2025
What the bill says
An act revising the infrastructure loan program and infrastructure use fee tax credit; removing eligibility for increasing wages or incomes of existing employees and employers; prohibiting the infrastructure use fee from being claimed as a tax credit and a deduction; amending sections 17-6-309, 17-6-311, and 17-6-316, mca; and providing an applicability date.
From the engrossed text:
AN ACT REVISING THE INFRASTRUCTURE LOAN PROGRAM AND INFRASTRUCTURE USE FEE TAX CREDIT; REMOVING ELIGIBILITY FOR INCREASING WAGES OR INCOMES OF EXISTING EMPLOYEES AND EMPLOYERS; PROHIBITING THE INFRASTRUCTURE USE FEE FROM BEING CLAIMED AS A TAX CREDIT AND A DEDUCTION; AMENDING SECTIONS 17-6-309, 17-6-311, AND 17-6-316, MCA; AND PROVIDING AN APPLICABILITY DATE. Section 1. Section 17-6-309, MCA, is amended to read: "17-6-309. Investment preferences. (1) Subject to the provisions of subsection (2), in deciding which of several investments of equal or comparable security and return are to be made when sufficient funds are not available to fund all possible investments, the board shall give preference to the business investments that: (a) assist employee-owned enterprises in providing new jobs or in preserving existing jobs for Montana residents or in otherwise contributing to the long-term benefit of the Montana economy, including raising the per capita income of Montana jobholders; (b) are for locally owned enterprises that are either expanding or establishing new operations; (c) provide jobs that will be substantially filled by current Montana residents as opposed to providing jobs that will be filled by nonresidents coming into the state to fill the jobs; (d) maintain and improve a clean and healthful environment, with emphasis on energy efficiency; (e) encourage or benefit the processing, refining, marketing, and innovative use and promotion of …
Sponsors
- Brewster, Larry (R, 43) · primary sponsor
- Hertz, Greg (R, 7)
Latest actions
- : Chapter Number Assigned
- : (H) Signed by Governor
- : (H) Transmitted to Governor
- : (S) Signed by President
- : (H) Signed by Speaker
- : (H) Returned from Enrolling
- : (H) Sent to Enrolling
- : (S) 3rd Reading
- : (S) Scheduled for 3rd Reading
- : (S) 2nd Reading
Votes
- Do Concur (March 21, 2025): 49 yea, 1 nay, passed
- Do Concur (March 20, 2025): 50 yea, 0 nay, passed
- Do Pass (January 13, 2025): 98 yea, 0 nay, passed
- Do Pass (January 10, 2025): 99 yea, 1 nay, passed
- AMD-HB0016.001.002 Reavis DO PASS (January 10, 2025): 38 yea, 62 nay, failed
Subjects: Taxation--Corporations, Taxation, Revenue, State, Local Government, Taxation--Individual Income
Common questions
- What is HB16?
- HB16 is a bill in the Montana Legislature (2025 Regular Session): Revise infrastructure loan program and tax credit.
- What does HB16 do?
- In its own words: An act revising the infrastructure loan program and infrastructure use fee tax credit; removing eligibility for increasing wages or incomes of existing employees and employers; prohibiting the infrastructure use fee from being claimed as a tax credit and a deduction; amending sections 17-6-309, 17-6-311, and 17-6-316, mca; and providing an applicability date.
- What is the status of HB16?
- Signed into law as of April 7, 2025. Latest action: Chapter Number Assigned (April 7, 2025).
- Who sponsored HB16?
- Brewster, Larry (R, 43), with 1 co-sponsor.
- Where is the official record for HB16?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0076
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.