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Gianforte signs $1 billion Republican tax rebate, tax-cut package into law

What the governor called 'the largest tax cut in Montana history' provides rebates up to $2,250 for Montanans who own their homes, pays down state debt, and invests in highways.

Flanked by dozens of Republican lawmakers on the steps of the state Capitol, Gov. Greg Gianforte signed a tax cut, rebate and spending package totaling more than $1 billion Monday.

The eight-bill package, which provides short-term property and income tax rebates and also cuts state income taxes on an ongoing basis, puts a major slice of the state's estimated $2.5 billion budget surplus toward what the governor called "the largest tax cut in Montana history."

The bills also cut the state's business equipment tax, pay off $125 million of state debt, restructure the state's corporate income tax,...

 

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