Montana legislation · 2025 Regular Session
Montana SB225: Provide income tax credit for renters
Status: Failed, May 23, 2025
What the bill says
A bill for an act providing eligibility requirements; amending sections 15-30-2303, 15-30-2337, and 15-302340, mca; and providing an immediate effective date, a retroactive applicability date, and a termination date.".
From the engrossed text:
A BILL FOR AN ACT PROVIDING ELIGIBILITY REQUIREMENTS; AMENDING SECTIONS 15-30-2303, 15-30-2337, AND 15-302340, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE, A RETROACTIVE APPLICABILITY DATE, AND A TERMINATION DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: NEW SECTION. Section 1. Renter's tax credit. (1) There is a renter's credit against the taxes imposed by this chapter for a person with gross household income of less than $45,000 who pays rentequivalent property taxes as provided in this section. (2) The eligibility, application, and limitation provisions of 15-30-2338, 15-30-2339, and 15-30-2341 that apply to renters, excluding the age requirement, apply to the renter's credit. (3) (a) Except as provided in subsection (3)(b), the credit is equal to the lesser or (ii) $500. (b) For a claimant whose gross household income is $35,000 or more but less than $45,000, the amount of the credit is equal to the credit calculated under this section multiplied by the decimal equivalent of a percentage figure according to the following table: Gross household income Percentage of credit allowed $35,000 - $37,500 40% $37,501 - $40,000 30% - 1 - Authorized Print Version - SB **** 69th Legislature 2025 SB 225.1 $40,001 - $42,500 20% $42,501 - $44,999 10% $45,000 or more 0% (4) If the amount of the credit exceeds the claimant's liability …
Sponsors
- Morigeau, Shane (D, 50) · primary sponsor
Latest actions
- : (S) Died in Process
- : (S) Missed Deadline for Revenue Bill Transmittal
- : (S) Motion
- : (S) Tabled in Committee
- : (S) Hearing
- : (S) Sponsor Rebuttal to Fiscal Note Printed
- : (S) Fiscal Note Printed
- : (S) Sponsor Rebuttal to Fiscal Note Signed
- : (S) Sponsor Rebuttal to Fiscal Note Received
- : (S) Fiscal Note Signed
Subjects: Taxation, Appropriations, Revenue, State, State Finance, Landlord and Tenant, Taxation--Property, Taxation--Individual Income
Common questions
- What is SB225?
- SB225 is a bill in the Montana Legislature (2025 Regular Session): Provide income tax credit for renters.
- What does SB225 do?
- In its own words: A bill for an act providing eligibility requirements; amending sections 15-30-2303, 15-30-2337, and 15-302340, mca; and providing an immediate effective date, a retroactive applicability date, and a termination date.".
- What is the status of SB225?
- Failed as of May 23, 2025. Latest action: (S) Died in Process (May 23, 2025).
- Who sponsored SB225?
- Morigeau, Shane (D, 50).
- Where is the official record for SB225?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0129
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.