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Senator Fern pitches MITRE tax credit to target middle‑income taxpayers (SB 546)
Summary
Sen. Dave Fern described SB 546 ("MITRE") as a targeted income tax discount intended to increase disposable income for middle‑income Montanans through a phased, income‑sensitive credit; DOR fiscal staff and opponents warned of a substantial annual cost and implementation complexity.
Senator Dave Fern opened the hearing on Senate Bill 546, a proposal he called MITRE (Middle Income Tax Reduction) that would provide a phased taxable‑income‑based tax discount aimed at middle‑income filers. Fern said the measure uses a 4.7% base factor that phases down as Montana taxable income rises and is intended to place money in the hands of middle‑income workers to spur local economic activity.
Sam Schaefer from the legislative fiscal…
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