Montana legislation · 2025 Regular Session
Montana HB942: Establish a child income tax credit
Status: Failed, May 20, 2025
What the bill says
A bill for an act providing a maximum refundable credit based on age at the beginning of the tax year; providing that the credit is adjusted for inflation; providing definitions; amending section 15-30-2303, mca; and providing an applicability date.".
From the engrossed text:
A BILL FOR AN ACT PROVIDING A MAXIMUM REFUNDABLE CREDIT BASED ON AGE AT THE BEGINNING OF THE TAX YEAR; PROVIDING THAT THE CREDIT IS ADJUSTED FOR INFLATION; PROVIDING DEFINITIONS; 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. Child tax credit. (1) Except as provided in subsection (3), a resident taxpayer who is permitted a child tax credit under section 24 of the Internal Revenue Code, 26 U.S.C. 24, is allowed a credit against the taxes imposed by this chapter for each qualifying child of the taxpayer. (2) Subject to subsection (5), the amount of the credit is $1,000 for each qualifying child. (3) To claim the credit, a taxpayer must and (b) a valid social security number for each child claimed. (4) The taxpayer is entitled to a refund equal to the amount by which the credit exceeds the taxpayer's tax liability or, if the taxpayer has no tax liability under this chapter, a refund equal to the amount of the credit. The credit may be claimed by filing a Montana income tax return. (5) The credit in subsection (2) is reduced at a rate of $100 for each $1,000 of the taxpayer's federal adjusted gross income in excess and (b) $65,000 for …
Sponsors
- Elverum, Pete (D, 82) · primary sponsor
Latest actions
- : (H) Died in Process
- : (H) Missed Deadline for Revenue Bill Transmittal
- : (H) Fiscal Note Printed
- : (H) Tabled in Committee
- : (H) Hearing
- : (H) Fiscal Note Signed
- : (H) Fiscal Note Received
- : (H) Hearing Canceled
- : (H) Hearing
- : (H) Rereferred to Committee
Subjects: Taxation, Revenue, State, Taxation--Individual Income
Common questions
- What is HB942?
- HB942 is a bill in the Montana Legislature (2025 Regular Session): Establish a child income tax credit.
- What does HB942 do?
- In its own words: A bill for an act providing a maximum refundable credit based on age at the beginning of the tax year; providing that the credit is adjusted for inflation; providing definitions; amending section 15-30-2303, mca; and providing an applicability date.".
- What is the status of HB942?
- Failed as of May 20, 2025. Latest action: (H) Died in Process (May 20, 2025).
- Who sponsored HB942?
- Elverum, Pete (D, 82).
- Where is the official record for HB942?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC3865
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.