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House Bill 303

New Law Affecting Business Equipment Taxes Now In Effect

The 2021 Montana Legislature passed House Bill 303 changing how Montana taxes business equipment. The new law increases the business equipment tax exemption from $100,000 to $300,000 for Tax year 2022. Businesses whose statewide market value of equipment is $3000,000 or less are exempt from the business equipment tax. After the report is submi...