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Senate committee endorses changes to infrastructure loan program, removes wage‑increase preference and tax-credit double-dip
Summary
The Montana Senate committee recommended concurrence on House Bill 16, which alters the infrastructure loan program and the infrastructure-use fee tax credit by removing eligibility tied to increasing wages of existing employees and eliminating use of the fee as both a tax credit and a deduction.
House Bill 16, carried in committee by Senator Hertz, was recommended for concurrence by the Senate after brief discussion and no recorded opposition on the floor vote (50–0 on second reading). The bill revises the state's infrastructure loan program and associated tax treatment.
Why it matters: HB 16 revises the criteria and benefits tied to the infrastructure loan program. Notably, it removes preference language that…
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