Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate considers income tax bracket shift aimed at relief for middle-income taxpayers
Summary
Senate Bill 203, introduced by Senator Yakovich, would raise the threshold for Montana's top income tax bracket to lower rates for many middle-income filers; sponsor described a targeted $200 million revenue reduction and urged referral to finance and claims for fiscal review.
Senate Bill 203, introduced by Senator Tom Yakovich, proposes raising the income threshold that triggers Montana’s top marginal tax rate so that more middle-income taxpayers would pay a lower rate. The bill was taken up on second reading March 31 and was reported to the Appropriations/Finance process for further fiscal review.
Yakovich described the bill as aimed at the middle class: it increases the threshold for the higher personal income tax rate (reducing the top marginal rate for many taxpayers) so that a larger share of taxable income would be taxed at 4.7 percent…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
