LC 4306 Legislature · 2025 Regular Session

Make the Montana ammunition act permanent

This bill makes permanent a tax incentive program designed to encourage companies in Montana to manufacture ammunition components by offering significant tax breaks. The legislation exempts qualifying ammunition manufacturers from state property taxes, business equipment taxes, individual income taxes, and corporate income taxes, provided they sell products to both in-state and out-of-state consumers at equal prices and do not commit all production to out-of-state buyers. Additionally, lenders and investors who provide loans to these manufacturers receive exemptions from individual and corporate income taxes on income derived from those loans. The bill also extends property tax exemptions to real estate within 500 yards of manufacturing facilities and storage structures, while excluding local property taxes and payroll taxes from the exemptions.
Bill status introduced 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 11, 2025 Last action Jan 28, 2025
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