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Hearing on HB 831 would raise elderly homeowner/renter credit and expand eligibility, sponsor says it adds about 3,300 recipients
Summary
House Bill 831 would increase the elderly homeowner/renter income tax credit, raise income-exclusion thresholds, and adjust phase‑out steps; sponsor and Department of Revenue staff outlined projected participant increases and fiscal impacts and discussed implementation and utilization issues.
Representative George Nikolicakos, sponsor of House Bill 831, told the Appropriations Committee the bill would increase the state’s elderly homeowner/renter tax credit (commonly called the 2EC) and expand eligibility thresholds to provide property‑tax relief to more low‑income seniors. “8 31 adds 3,300 Montanans to property tax relief rolls,” the sponsor said, summarizing the bill’s estimated coverage.
As written, HB 831 proposes to increase the program’s maximum credit from $1,150 to $1,400 and to raise the program’s gross household income exclusion from $12,600 to $14,100. The sponsor also described…
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