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Proposal would expand elderly homeowner and renter tax credit, adding about 3,300 beneficiaries

Senate Finance and Claims · April 16, 2025
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Summary

House Bill 831 would increase the elderly homeowner and renter income tax credit (2EC) and raise income eligibility levels to add roughly 3,300 Montanans to the rolls, proponents said, with an average added benefit of about $100 per beneficiary.

Representative George Nicola Kakos presented House Bill 831 as a targeted update to Montana's elderly homeowner and renter income tax credit (the "2EC"). Kakos said the bill increases the maximum credit from $1,150 to $1,400, raises the program's income exclusion from $12,600 to $14,100 and adjusts phase‑out…

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