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Sponsor outlines $500 income tax credit for long‑time Montana residents; CPAs and policy center oppose
Summary
House Bill 8 39 would provide a $500 nonrefundable income tax credit to Montanans who have lived in the state at least 10 years and earn under $100,000; the sponsor framed it as fairness, while the Montana Society of CPAs and Montana Budget and Policy Center testified in opposition citing complexity and equity concerns.
Representative Lucas Schubert opened the hearing on House Bill 8 39 by framing the legislation as a modest, conservative income tax credit for longtime residents. "This bill is about fairness. It's about rewarding the folks who've stuck with Montana through thick and thin," Schubert said. The proposed credit would be $500 for Montanans who have lived in the state at least 10 years and have income under $100,000.
Opponents told the committee the credit would complicate a tax system that had been…
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