Montana legislation · 2025 Regular Session
Montana SB546: Provide income based tax credit
Status: Failed, May 23, 2025
What the bill says
A bill for an act entitled: "an act revising the calculation of income tax liabilities for certain taxpayers; establishing an income-based tax credit subject to a complete phaseout when income increases; providing definitions; amending section 15-30-2303, mca; and providing a delayed effective date and an applicability date.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT REVISING THE CALCULATION OF INCOME TAX LIABILITIES FOR CERTAIN TAXPAYERS; ESTABLISHING AN INCOME-BASED TAX CREDIT SUBJECT TO A COMPLETE PHASEOUT WHEN INCOME INCREASES; PROVIDING DEFINITIONS; AMENDING SECTION 15-30-2303, MCA; AND PROVIDING A DELAYED EFFECTIVE DATE AND AN APPLICABILITY DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: NEW SECTION. Section 1. Income-based tax credit -- reduction percentage. (1) A qualified taxpayer is allowed a fixed, one-time credit calculated pursuant to this section that is multiplied by a AGAINST A QUALIFIED taxpayer's Montana taxable income AND based on filing status. (2) The credit amount is equal to 4.7% of Montana taxable income for taxpayers with less than: (a) THE FIRST $2,000 of Montana taxable income on a joint income tax return and for every surviving spouse; (b) THE FIRST $1,500 of Montana taxable income on a head of household income tax return; (c) THE FIRST $1,000 of Montana taxable income on an individual income tax return other than a surviving spouse or head of household who is not a married individual; and (d) THE FIRST $1,000 of Montana taxable income for every income tax return of a married individual who does not make a joint return. (3) The total credit amount available of 4.7% is reduced by 0.094% of credit …
Sponsors
- Fern, Dave (D, 2) · primary sponsor
Latest actions
- : (H) Died in Committee
- : (H) Tabled in Committee
- : (H) Hearing
- : (S) Revised Fiscal Note Printed
- : (S) Revised Fiscal Note Signed
- : (S) Revised Fiscal Note Received
- : (H) 1st Reading
- : (H) Referred to Committee
- : (S) Transmitted to House
- : (S) 3rd Reading
Votes
- Do Pass (April 5, 2025): 31 yea, 17 nay, passed
- Do Pass As Amended (April 3, 2025): 28 yea, 21 nay, passed
- AMD-SB0546.001.002 Fern D/PASS (April 3, 2025): 49 yea, 0 nay, passed
- Take SB 546 from Comm-Fern (April 2, 2025): 27 yea, 23 nay, passed
Subjects: Taxation, Revenue, State, Taxation--Individual Income
Common questions
- What is SB546?
- SB546 is a bill in the Montana Legislature (2025 Regular Session): Provide income based tax credit.
- What does SB546 do?
- In its own words: A bill for an act entitled: "an act revising the calculation of income tax liabilities for certain taxpayers; establishing an income-based tax credit subject to a complete phaseout when income increases; providing definitions; amending section 15-30-2303, mca; and providing a delayed effective date and an applicability date.".
- What is the status of SB546?
- Failed as of May 23, 2025. Latest action: (H) Died in Committee (May 23, 2025).
- Who sponsored SB546?
- Fern, Dave (D, 2).
- Where is the official record for SB546?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0007
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.