Montana legislation · 2025 Regular Session
Montana SB203: Revise income tax brackets to lower income taxes
Status: Failed, May 23, 2025
What the bill says
A bill for an act entitled: "an act revising income tax brackets to lower income taxes; increasing the amount of montana taxable income before application of a higher rate of tax; amending section 15-30-2103, mca; and providing an immediate effective date and a retroactive applicability date.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT REVISING INCOME TAX BRACKETS TO LOWER INCOME TAXES; INCREASING THE AMOUNT OF MONTANA TAXABLE INCOME BEFORE APPLICATION OF A HIGHER RATE OF TAX; AMENDING SECTION 15-30-2103, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE AND A RETROACTIVE APPLICABILITY DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Section 15-30-2103, MCA, is amended to read: "15-30-2103. Rate of tax -- net long-term capital gains -- definitions. (1) Except as provided in subsections (2) and (3), there must be levied, collected, and paid for each tax year on the Montana taxable income of each taxpayer subject to this chapter a tax on the brackets of taxable income as follows: (a) for every married individual who files a joint return and for every surviving (ii) on any Montana taxable income in excess of $41,000 $200,000 or any part of that income, 5.9%; (b) for every head of (ii) on any Montana taxable income in excess of $30,750 $150,000 or any part of that income, 5.9%; (c) for every individual other than a surviving spouse or head of household who is not a married - 1 - Authorized Print Version - SB **** 69th Legislature 2025 SB 203.1 (ii) on any Montana taxable income in excess of $20,500 $100,000 or any part …
Sponsors
- Yakawich, Mike (R, 24) · primary sponsor
Latest actions
- : (H) Died in Committee
- : (H) Tabled in Committee
- : (H) Hearing
- : (H) Hearing Canceled
- : (H) Hearing
- : (H) Hearing Canceled
- : (H) Hearing
- : (H) 1st Reading
- : (H) Referred to Committee
- : (S) Transmitted to House
Votes
- Do Pass (April 3, 2025): 31 yea, 19 nay, passed
- Take SB 203 from Comm-Yakawich (April 2, 2025): 28 yea, 22 nay, passed
- Do Pass (March 31, 2025): 47 yea, 3 nay, passed
Subjects: Taxation, Revenue, State, Taxation--Individual Income
Common questions
- What is SB203?
- SB203 is a bill in the Montana Legislature (2025 Regular Session): Revise income tax brackets to lower income taxes.
- What does SB203 do?
- In its own words: A bill for an act entitled: "an act revising income tax brackets to lower income taxes; increasing the amount of montana taxable income before application of a higher rate of tax; amending section 15-30-2103, mca; and providing an immediate effective date and a retroactive applicability date.".
- What is the status of SB203?
- Failed as of May 23, 2025. Latest action: (H) Died in Committee (May 23, 2025).
- Who sponsored SB203?
- Yakawich, Mike (R, 24).
- Where is the official record for SB203?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC4308
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.