Montana legislation · 2025 Regular Session
Montana HB904: Revise capital gains taxation
Status: Failed, May 20, 2025
What the bill says
A bill for an act entitled: "an act eliminating capital gains tax preferences when montana taxable income exceeds certain amounts; revising definitions; amending section 15-30-2103, mca; and providing a delayed effective date and an applicability date.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT ELIMINATING CAPITAL GAINS TAX PREFERENCES WHEN MONTANA TAXABLE INCOME EXCEEDS CERTAIN AMOUNTS; REVISING DEFINITIONS; AMENDING SECTION 15-30-2103, MCA; AND PROVIDING A DELAYED EFFECTIVE DATE AND AN APPLICABILITY DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Section 15-30-2103, 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%; (b) for every head of (ii) on any Montana taxable income in excess of $30,750 or any part of that income, 5.9%; (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%; (d) for every married individual who does not make a joint return and for every estate or trust not exempt from taxation under …
Sponsors
- Elverum, Pete (D, 82) · primary sponsor
Latest actions
- : (H) Died in Process
- : (H) Missed Deadline for Revenue Bill Transmittal
- : (H) Fiscal Note Printed
- : (H) Fiscal Note Signed
- : (H) Fiscal Note Received
- : (H) Tabled in Committee
- : (H) Hearing
- : (H) Hearing
- : (H) 1st Reading
- : (H) Referred to Committee
Subjects: Taxation, Revenue, State, Taxation--Individual Income
Common questions
- What is HB904?
- HB904 is a bill in the Montana Legislature (2025 Regular Session): Revise capital gains taxation.
- What does HB904 do?
- In its own words: A bill for an act entitled: "an act eliminating capital gains tax preferences when montana taxable income exceeds certain amounts; revising definitions; amending section 15-30-2103, mca; and providing a delayed effective date and an applicability date.".
- What is the status of HB904?
- Failed as of May 20, 2025. Latest action: (H) Died in Process (May 20, 2025).
- Who sponsored HB904?
- Elverum, Pete (D, 82).
- Where is the official record for HB904?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC3864
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.