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Montana committee hears bill to give landlords tax credits for renting below market
Summary
Lawmakers heard testimony on House Bill 306, which would create a nonrefundable income tax credit for landlords who rent units at least $100 below 110% of county fair‑market rent; supporters said it incentivizes affordable rentals while the Montana Society of CPAs warned the tax code would grow more complex.
Representative Denise Baum introduced House Bill 306 as a tool to encourage landlords to keep rents below market by offering an income tax credit for units rented at least $100 below 110% of county fair‑market rent. "This bill will provide an income tax credit for landlords renting dwellings below fair market rate," Baum said, describing the measure as available to both individual and corporate filers and effective for tax years beginning after Dec. 31, 2025.
The bill ties qualification to HUD fair‑market rent definitions and housing quality standards: Baum cited 24 CFR part 982 as the standard for housing quality. She told the committee the credit is nonrefundable and may be carried…
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