Montana legislation · 2025 Regular Session
Montana SB323: Revise individual income tax rates and earned income credit
Status: Failed, May 23, 2025
What the bill says
A bill for an act reducing the top marginal individual income tax rate; increasing the earned income tax credit; amending sections 15-30-2103 and 15-30-2318, mca; and providing effective dates, applicability dates, and a termination date.".
From the engrossed text:
A BILL FOR AN ACT REDUCING THE TOP MARGINAL INDIVIDUAL INCOME TAX RATE; INCREASING THE EARNED INCOME TAX CREDIT; AMENDING SECTIONS 15-30-2103 AND 15-30-2318, MCA; AND PROVIDING EFFECTIVE DATES, APPLICABILITY DATES, AND A TERMINATION 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 or any part of that income, 5.9% 5.4%; (b) for every head of (ii) on any Montana taxable income in excess of $30,750 or any part of that income, 5.9% 5.4%; (c) for every individual other than a surviving spouse or head of household who is not a married (ii) on any Montana taxable income in excess of $20,500 or any part of that income, 5.9% 5.4%; (d) for every married individual who does not make a joint return and for every estate or trust not exempt from …
Sponsors
- Kassmier, Josh (R, 13) · primary sponsor
Latest actions
- : (S) Died in Process
- : (S) Missed Deadline for Revenue Bill Transmittal
- : (S) Motion
- : (S) Tabled in Committee
- : (S) Hearing
- : (S) Hearing
- : (S) Hearing Canceled
- : (S) Hearing
- : (S) Fiscal Note Printed
- : (S) Fiscal Note Signed
Votes
- Take SB 323 from Comm-Kassmier (April 2, 2025): 18 yea, 32 nay, failed
Subjects: Taxation, Revenue, State, Taxation--Individual Income
Common questions
- What is SB323?
- SB323 is a bill in the Montana Legislature (2025 Regular Session): Revise individual income tax rates and earned income credit.
- What does SB323 do?
- In its own words: A bill for an act reducing the top marginal individual income tax rate; increasing the earned income tax credit; amending sections 15-30-2103 and 15-30-2318, mca; and providing effective dates, applicability dates, and a termination date.".
- What is the status of SB323?
- Failed as of May 23, 2025. Latest action: (S) Died in Process (May 23, 2025).
- Who sponsored SB323?
- Kassmier, Josh (R, 13).
- Where is the official record for SB323?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0447
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.