February 3, 2023
January is quickly coming to a close! We capped off the week in Appropriations by passing out of committee several significant tax bills. A bill to increase the tax exemption on business equipment from $300,000 to $1,000,000 was passed on a party line vote with all Republicans favoring the increase. This will of course also impact local governments that will have to be backfilled by the primary source of revenue collected by the State, income taxes. This should help make Montana a more attractive home to small manufacturers and spur investment by those already here.
A bill carried b...