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Committee hears SB 538 to allow federal 199A pass‑through deduction on state returns
Summary
Sen. Greg Hertz said SB 538 would conform Montana law to the federal 20% pass‑through deduction (Section 199A); proponents said it levels the playing field for small businesses, opponents warned the break skews to high‑income taxpayers and would cost the state tens of millions annually.
Senator Greg Hertz opened the SB 538 hearing by describing the federal Section 199A pass‑through deduction, which allows certain sole proprietors, partnerships and S corporations to exclude up to 20% of qualified business income for federal tax purposes. Hertz said SB 538 would add the deduction back on Montana returns to reduce complexity and better align state and federal treatment.
Sheridan Hoyer of the Montana Chamber of Commerce…
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