Montana legislation · 2025 Regular Session
Montana HB440: Providing tax incentives to put Montana-produced food first
Status: Failed, May 20, 2025
What the bill says
A bill for an act entitled: "an act providing tax incentives for the sale of montanaproduced food; providing a subtraction from individual income and corporate income taxes for the income from the sale of montana-produced food; amending sections 15-30-2120 and 15-31-113, mca; and providing a delayed effective date, and an applicability date, and a termination date.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT PROVIDING TAX INCENTIVES FOR THE SALE OF MONTANAPRODUCED FOOD; PROVIDING A SUBTRACTION FROM INDIVIDUAL INCOME AND CORPORATE INCOME TAXES FOR THE INCOME FROM THE SALE OF MONTANA-PRODUCED FOOD; AMENDING SECTIONS 15-30-2120 AND 15-31-113, MCA; AND PROVIDING A DELAYED EFFECTIVE DATE, AND AN APPLICABILITY DATE, AND A TERMINATION DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Section 15-30-2120, MCA, is amended to read: "15-30-2120. Adjustments to federal taxable income to determine Montana taxable income. (1) The items in subsection (2) are added to and the items in subsection (3) are subtracted from federal taxable income to determine Montana taxable income. (2) The following are added to federal taxable income: (a) to the extent that it is not exempt from taxation by Montana under federal law, interest from obligations of a territory or another state or any political subdivision of a territory or another state and exemptinterest dividends attributable to that interest except to the extent already included in federal taxable income; (b) that portion of a shareholder's income under subchapter S. of Chapter 1 of the Internal Revenue Code that has been reduced by any federal taxes paid by the subchapter S. corporation on the income; (c) depreciation or amortization taken on a title plant as defined …
Sponsors
- Weber, Jane (D, 19) · primary sponsor
Latest actions
- : (H) Died in Process
- : (H) Missed Deadline for Revenue Bill Transmittal
- : (H) Tabled in Committee
- : (H) Hearing
- : (H) Rereferred to Committee
- : (H) 2nd Reading
- : (H) 2nd Reading Motion to Amend
- : (H) Scheduled for 2nd Reading
- : (H) Committee Report
- : (H) Committee Executive Action
Votes
- Do Pass As Amended (February 24, 2025): 59 yea, 40 nay, passed
- AMD-HB0440.001.001 Weber DO PASS (February 24, 2025): 97 yea, 2 nay, passed
Subjects: Taxation, Economic Development, Revenue, State, Taxation--Individual Income, Agriculture
Common questions
- What is HB440?
- HB440 is a bill in the Montana Legislature (2025 Regular Session): Providing tax incentives to put Montana-produced food first.
- What does HB440 do?
- In its own words: A bill for an act entitled: "an act providing tax incentives for the sale of montanaproduced food; providing a subtraction from individual income and corporate income taxes for the income from the sale of montana-produced food; amending sections 15-30-2120 and 15-31-113, mca; and providing a delayed effective date, and an applicability date, and a termination date.".
- What is the status of HB440?
- Failed as of May 20, 2025. Latest action: (H) Died in Process (May 20, 2025).
- Who sponsored HB440?
- Weber, Jane (D, 19).
- Where is the official record for HB440?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC3338
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.