Montana legislation · 2025 Regular Session
Montana HB652: Eliminate state taxes on veterans retirement
Status: Failed, May 20, 2025
What the bill says
A bill for an act entitled: "an act revising state income taxation for military pensions, retirement, and survivor benefits; providing an income tax exemption for military pensions, retirement, and survivor benefits; revising a definition; amending sections 15-30-2101 and 15-30-2120, mca; repealing section 4, chapter 650, laws of 2023; and providing a delayed effective date and an applicability date.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT REVISING STATE INCOME TAXATION FOR MILITARY PENSIONS, RETIREMENT, AND SURVIVOR BENEFITS; PROVIDING AN INCOME TAX EXEMPTION FOR MILITARY PENSIONS, RETIREMENT, AND SURVIVOR BENEFITS; REVISING A DEFINITION; AMENDING SECTIONS 15-30-2101 AND 15-30-2120, MCA; REPEALING SECTION 4, CHAPTER 650, LAWS OF 2023; AND PROVIDING A DELAYED EFFECTIVE DATE AND AN APPLICABILITY DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Section 15-30-2101, MCA, is amended to read: "15-30-2101. Definitions. For the purpose of this chapter, unless otherwise required by the context, the following definitions apply: (1) "Consumer price index" means the consumer price index, United States city average, for all items, for all urban consumers (CPI-U), using the 1982-84 base of 100, as published by the bureau of labor statistics of the U.S. department of labor. (2) "Corporation" or "C. corporation" means a corporation, limited liability company, or other (b) for which a valid election under section 1362 of the Internal Revenue Code (26 U.S.C. 1362) is not in effect; and (c) that is not a disregarded entity. (3) "Department" means the department of revenue. (4) "Disregarded entity" means a business entity: (a) that is disregarded as an entity separate from its owner for federal tax purposes, as provided in United States treasury regulations 301.7701-2 or 301.7701-3, 26 CFR …
Sponsors
- Nicol, Nelly (R, 53) · primary sponsor
Latest actions
- : (H) Died in Process
- : (H) Missed Deadline for Revenue Bill Transmittal
- : (H) Fiscal Note Printed
- : (H) Tabled in Committee
- : (H) Fiscal Note Signed
- : (H) Fiscal Note Received
- : (H) Hearing
- : (H) 1st Reading
- : (H) Referred to Committee
- : (H) Fiscal Note Requested
Subjects: Military Affairs, Taxation, Revenue, State, Taxation--Individual Income
Common questions
- What is HB652?
- HB652 is a bill in the Montana Legislature (2025 Regular Session): Eliminate state taxes on veterans retirement.
- What does HB652 do?
- In its own words: A bill for an act entitled: "an act revising state income taxation for military pensions, retirement, and survivor benefits; providing an income tax exemption for military pensions, retirement, and survivor benefits; revising a definition; amending sections 15-30-2101 and 15-30-2120, mca; repealing section 4, chapter 650, laws of 2023; and providing a delayed effective date and an applicability date.".
- What is the status of HB652?
- Failed as of May 20, 2025. Latest action: (H) Died in Process (May 20, 2025).
- Who sponsored HB652?
- Nicol, Nelly (R, 53).
- Where is the official record for HB652?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC3073
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.