January 14, 2013

Montana Budget and Policy Center: Restoring Revenue and Fairness. HB395: New Top Marginal Rate for Taxable Income

ITEP Work in Action

The 61st Legislature is faced with the unenviable challenge of balancing the budget during a time of economic downturn and revenue uncertainty. Introducing a new top marginal tax rate for households with incomes over $250,000 will offer fiscal security for Montana while restoring some of the progressivity of the Montana income tax system. It will also allow the Legislature to move closer to the revenue and distributional outcome originally anticipated when passing Senate Bill 407 during the 2003 Legislative Session.

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