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House advances broad income-tax reduction bill after failed sunset amendment
Summary
On April 1 the Montana House advanced House Bill 337 — a wide-ranging income-tax reduction — after rejecting a proposed sunset amendment. Sponsors argued it lowers tax burdens across brackets; opponents raised concerns about multi-year fiscal impacts cited in the bill's fiscal note.
House Bill 337, a broad income-tax package presented April 1 on the House floor in Helena, would lower the top marginal rate and raise taxable-income thresholds to reduce taxes across income brackets while increasing the earned-income tax credit. Representative Lear, speaking as the bill sponsor, said the measure reduces the top rate to 5.4 percent over the biennium and raises the breakpoint for the 4.7 percent bracket from roughly $40,000 to about $100,000 to benefit lower- and…
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