Rep. Pete Elverum

Maddy summaryHB 942 proposes to establish a new child income tax credit for resident taxpayers. This bill would provide a refundable credit of $1,000 for each qualifying child aged 5 or younger. To claim the credit, taxpayers must have proof of earned income and a valid social security number for each child. The credit amount would be reduced for taxpayers with federal adjusted gross income exceeding $35,000 for single filers or $65,000 for married couples filing jointly. Both the credit amount and the income thresholds would be adjusted annually for inflation, applying to income tax years beginning after December 31, 2025.

Maddy summaryThis bill proposes changes to Montana's capital gains tax structure, which would affect taxpayers earning income from investments such as stocks or real estate. Under the proposed changes, net long-term capital gains would be taxed at lower rates of 3.0% or 4.1% for income up to certain thresholds, while income exceeding $1 million for joint filers or $500,000 for other filers would be taxed at the standard rate of 5.9%. The bill also includes provisions to adjust tax brackets annually for inflation and defines specific income thresholds that determine how capital gains are taxed. The legislation would take effect on January 1, 2026, though it did not advance further in the legislative process before its deadline.

Maddy summaryHB 66 requires Montana to adopt the most recent federal military laws, regulations, and the Uniform Code of Military Justice (UCMJ) as of October 1, 2025, for governing the Montana National Guard. It directly affects all Montana National Guard members serving in state roles (such as active duty guard/reserve personnel under Title 32 of U.S. Code), replacing previous state-specific rules with federal standards. The bill updates Montana law to align with current federal military governance, applying to events and proceedings starting October 1, 2025. This change ensures Montana National Guard operations comply with federal military codes without altering state constitutional or legal authority.