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House Taxation Committee advances HB 440, a pilot tax incentive for Montana-produced food, 18–3
Summary
The committee voted 18–3 to advance House Bill 440, a pilot program offering tax subtractions for income from sales of Montana-produced food; supporters described it as a voluntary honor-system pilot and staff warned of potential auditing costs to the Department of Revenue.
During executive action the committee moved House Bill 440 'do pass.' The mover opened with the short title: an act providing tax incentives for the sale of Montana-produced food, including an individual and corporate income tax subtraction for income from those sales, with amended sections and delayed effective dates.
A sponsoring representative explained…
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