House Taxation April 1, 2025

House Taxation Committee

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House Bill 895 — Exclusion for income from sale of newly constructed homes

PresentationPublic Comment

4:04 → 17:02(12m 58s)

Sponsor Lukas Schubert (introduced HB 895) described a 50% deduction/write-off from income tax for income from sales of newly constructed single-family homes or duplexes sold for less than 85% of county median residential value (aim: spur production of starter homes). He said the bill applies to personal and corporate income and relies on reappraisal cycle calculations. Opponents (Montana Society of CPAs, Montana Taxpayers Association) warned the change would complicate the tax code and needs arm's‑length safeguards. Department of Revenue staff said they were available for technical questions;

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House Taxation Committee heard 16 bills, held extended testimony on vaping taxes, lodging taxes, housing financing and property-tax relief proposals, and took executive action on a batch of bills (some passed, several tabled).

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Transcript

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