Montana legislation · 2025 Regular Session
Montana SB536: Revise contractor gross receipts tax
Status: Chaptered, June 12, 2025
What the bill says
An act revising the contractor's gross receipts tax; providing that a credit may be claimed by an employee stock ownership plan company; extending the timeframe to claim the credit; providing that the credit may offset certain real property taxes; providing rulemaking authority; amending section 15-50-207, mca; providing for applicability; and providing a delayed effective date.
From the engrossed text:
AN ACT REVISING THE CONTRACTOR'S GROSS RECEIPTS TAX; PROVIDING THAT A CREDIT MAY BE CLAIMED BY AN EMPLOYEE STOCK OWNERSHIP PLAN COMPANY; EXTENDING THE TIMEFRAME TO CLAIM THE CREDIT; PROVIDING THAT THE CREDIT MAY OFFSET CERTAIN REAL PROPERTY TAXES; PROVIDING RULEMAKING AUTHORITY; AMENDING SECTION 15-50-207, MCA; PROVIDING FOR APPLICABILITY; AND PROVIDING A DELAYED EFFECTIVE DATE. Section 1. Section 15-50-207, MCA, is amended to read: "15-50-207. Credit against other taxes -- credit for real and personal property taxes and certain fees -- employee stock ownership plan company -- rulemaking. (1) (a) The additional license fees withheld or otherwise paid as provided in this chapter may be used as a credit or a refund, depending on the type of tax the contractor is required to pay under the laws of the state as (ii) on the contractor's income tax provided for in chapter 30; or (iii) as a refund using a form promulgated by the department if the contractor is exempt from corporate or individual income taxes because of the contractor's status as an employee stock ownership plan corporation that is 100% owned by the employees, depending upon the type of tax the contractor is required to pay under the laws of the state. (b) The department may adopt rules to administer the refund provided for in subsection (1)(a)(iii). (b)(c) The credit …
Sponsors
- Hertz, Greg (R, 7) · primary sponsor
Latest actions
- : (S) Veto Override
- : (S) Veto Override Vote in Progress
- : (S) Vetoed by Governor
- : (S) Transmitted to Governor
- : (H) Signed by Speaker
- : (S) Signed by President
- : (S) Returned from Enrolling
- : (S) Sent to Enrolling
- : (S) 3rd Reading House Amendments
- : (S) Scheduled for 3rd Reading
Votes
- Do Pass (April 29, 2025): 45 yea, 5 nay, passed
- Do Pass (April 28, 2025): 40 yea, 9 nay, passed
- Do Concur (April 24, 2025): 88 yea, 12 nay, passed
- Do Concur (April 18, 2025): 69 yea, 29 nay, passed
- Do Pass (April 5, 2025): 42 yea, 6 nay, passed
- Do Pass (April 3, 2025): 42 yea, 7 nay, passed
Subjects: Rule Making, Taxation, Planning, Revenue, State, State Government, Highways and Roads
Common questions
- What is SB536?
- SB536 is a bill in the Montana Legislature (2025 Regular Session): Revise contractor gross receipts tax.
- What does SB536 do?
- In its own words: An act revising the contractor's gross receipts tax; providing that a credit may be claimed by an employee stock ownership plan company; extending the timeframe to claim the credit; providing that the credit may offset certain real property taxes; providing rulemaking authority; amending section 15-50-207, mca; providing for applicability; and providing a delayed effective date.
- What is the status of SB536?
- Chaptered as of June 12, 2025. Latest action: (S) Veto Override (June 12, 2025).
- Who sponsored SB536?
- Hertz, Greg (R, 7).
- Where is the official record for SB536?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC1000
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.