Montana legislation · 2025 Regular Session
Montana HB21: Establish a Montana workforce housing tax credit
Status: Chaptered, May 20, 2025
What the bill says
A bill for an act providing that the credits may be taken against the income tax or insurance premium taxes; amending section 15-30-2303, mca; and providing an applicability date.".
From the engrossed text:
A BILL FOR AN ACT PROVIDING THAT THE CREDITS MAY BE TAKEN AGAINST THE INCOME TAX OR INSURANCE PREMIUM TAXES; AMENDING SECTION 15-30-2303, MCA; AND PROVIDING AN APPLICABILITY DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: NEW SECTION. Section 1. Workforce housing tax credit. (1) In tax years beginning on or after January 1, 2026, a taxpayer owning an interest in a qualified project that is issued an eligibility statement by the board of housing may claim a credit against the taxes imposed by Title 15, chapter 31, 33-2-705, 33-2-709, 503-109, and this chapter. (2) The board of housing shall allocate workforce housing tax credits using the qualified allocation plan process. The board of housing shall issue eligibility statements for qualified projects on approval of a final cost certification. If the credit is claimed by a small business corporation as defined in 15-30-3301, a passthrough entity, or a partnership, the credit may be allocated to some or all shareholders, owners, members, or partners, regardless of whether the shareholder, owner, member, or partner is a partner for federal income tax purposes. The eligibility statement must specify the total amount of the credit that may be claimed in each year the qualified project is eligible to claim a credit. (3) The credit may be claimed for each year …
Sponsors
- Brewster, Larry (R, 43) · primary sponsor
Latest actions
- : (H) Died in Process
- : 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 Concurred
- : (S) Scheduled for 3rd Reading
Votes
- Do Pass (January 16, 2025): 74 yea, 25 nay, passed
Subjects: Taxation--Corporations, Housing, Taxation, Revenue, State, Insurance, Taxation--Individual Income
Common questions
- What is HB21?
- HB21 is a bill in the Montana Legislature (2025 Regular Session): Establish a Montana workforce housing tax credit.
- What does HB21 do?
- In its own words: A bill for an act providing that the credits may be taken against the income tax or insurance premium taxes; amending section 15-30-2303, mca; and providing an applicability date.".
- What is the status of HB21?
- Chaptered as of May 20, 2025. Latest action: (H) Died in Process (May 20, 2025).
- Who sponsored HB21?
- Brewster, Larry (R, 43).
- Where is the official record for HB21?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0243
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.