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Business equipment tax relief bill approved

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Montana's Gov. Gianforte visits brewery, signs House Bill 303 into law.

 At Golden Triangle Brew Co. in Fort Benton, Mont., Gov. Greg Gianforte signed a bill May 5 that relieves thousands of Montana businesses of the burden of paying the business equipment tax.

“Over the last four months, we’ve made great progress to reform our tax system so Montana’s Main Street businesses can thrive,” Gianforte said. “By tripling the business equipment tax exemption, we’re helping our small business owners, farmers, and ranchers keep more of what they earn to grow their companies and create jobs. I thank Rep. Josh Kassmier for his leadership in leading this bill through the legislature.”

A key element of the governor’s Montana Comeback Plan, the BIG Jobs Act triples the business equipment tax exemption.

Sponsored by Rep. Josh Kassmier, R-Fort Benton, House Bill 303 raises the business equipment tax exemption from $100,000 to $300,000.

“Raising the business equipment tax exemption to $300,000 will help small businesses across Montana save money, invest into their businesses, and be more competitive. This will also help stimulate local economies,” Kassmier said. “The BIG Jobs Act is a big win for small businesses in Montana, and I appreciate Governor Gianforte working on this important piece of legislation with me.”

Source: Office of Montana Gov. Greg Gianforte, which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset. 
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