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Sponsor outlines 'Community Improvement' tax credit aimed at small volunteer groups
Summary
Rep. Shane Klacken presented HB 859 to create a Montana Community Improvement Tax Credit (up to $3,000 or 10% of taxable income; $2,000,000 initial aggregate cap with automatic increase). Proponents described local fundraising examples; opponents urged stricter legislative caps and oversight.
Representative Shane Klacken opened testimony on House Bill 859, the "Montana Community Improvement Tax Credit Act," saying the measure aims to keep private contributions local and to support volunteer groups that fund public facilities. "My name is Shane Klacken" (Rep. Klacken) and he explained the bill would allow individuals and businesses to claim a credit up to $3,000 or 10% of taxable income, with an initial aggregate cap of $2,000,000 that can automatically rise if usage reaches 80 percent of the cap.…
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