MontanaMontana taxpayers would add a federal business income deduction back
The failed proposal would have required Montana taxpayers who claim a federal qualified business income deduction to add it back when calculating state taxable income.
What it does
A taxpayer who claims the federal deduction for qualified business income would add that amount back when calculating Montana taxable income.
Argument forUsing the amount taxpayers claimed on their federal return could make it easier to work out this part of their Montana taxable income.
Argument againstAdding the federal deduction back could leave some taxpayers with more income subject to Montana tax for tax years beginning in 2025.
More detail
A taxpayer would add the amount of a claimed federal qualified business income deduction to federal taxable income when calculating Montana taxable income. The provision covers Montana taxpayers who claim the federal qualified business income deduction. This applies to a taxpayer who claims the deduction under section 199A of the Internal Revenue Code. The proposal would take effect upon passage and approval and apply to tax years beginning after December 31, 2024.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Died
Looking ahead
No hearings or votes scheduled.
History
- 2025
- May 23(S) Died in ProcessDied
- Apr 7(S) Missed Deadline for Revenue Bill Transmittal
- Apr 1(S) Tabled in Committee - (S) TaxationMinor
- Vote recorded to_table. Result: pass.Upper
- Mar 27(S) Hearing - (S) Taxation
- Mar 26(S) Fiscal Note Unsigned
- Mar 26(S) Fiscal Note ReceivedMinor
- Mar 25(S) Fiscal Note Requested
- Mar 25(S) Referred to Committee - (S) TaxationMinor
- Mar 25(S) 1st Reading
- Mar 24(S) Introduced
- Mar 24(LC) Draft Delivered to Requester
- Mar 24(LC) Draft Ready for Delivery
- Mar 21(LC) Draft in Assembly
- Mar 21(LC) Draft in Final Drafter Review
- Mar 21(S) Fiscal Note Requested
- Mar 21(LC) Draft in Input/Proofing
- Mar 20(LC) Draft in Edit
- Mar 20(LC) Draft in Legal Review
- 2024
- Nov 11(LC) Drafter AssignedIntroduced
Taxes & Budget