Gov. Gianforte signs tax cuts, reform into law
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News from the office of Governor Gianforte
KALISPELL — Governor Greg Gianforte signed two measures into law to cut Montana’s income tax rate and simplify the state’s tax code.
Gov. Gianforte signed the Personal Income Tax Relief Act, Senate Bill 159, which reduces Montana’s top income tax rate to 6.75 percent beginning next year. Currently, Montana has one of the highest income tax rates in the Rocky Mountain West, making Montana less competitive.
Gov. Gianforte also signed Senate Bill 399 which reduces the state’s top income tax rate to 6.5 percent in 2024. The new law also simplifies Montana’s complex tax code and reduces the number of tax rates from seven to two.
Senator Greg Hertz (R-Polson) sponsored the two tax cut measures and joined Gov. Gianforte at signing ceremony along with Senate President Mark Blasdel (R-Kalispell).
“Montanans deserve tax relief and an easy-to-understand tax system free of unnecessary complications and paperwork,” Sen. Hertz said.
