Montana
What's New
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blog
October 2, 2018Twelve States Offer Profitable Tax Shelter to Private School Voucher Donors; IRS Proposal Could Fix This
A proposed IRS regulation would eliminate a tax shelter for private school donors in twelve states by making a commonsense improvement to the federal tax deduction for charitable gifts. For…
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blog
December 14, 2017Private Schools Donors Likely to Win Big from Expanded Loophole in Tax Bill
For years, private schools around the country have been making an unusual pitch to prospective donors: give us your money, and you’ll get so many state and federal tax breaks…
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report
December 14, 2017Tax Bill Would Increase Abuse of Charitable Giving Deduction, with Private K-12 Schools as the Biggest Winners
In its rush to pass a major rewrite of the tax code before year’s end, Congress appears likely to enact a “tax reform” that creates, or expands, a significant number…
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blog
November 29, 2017State Rundown 11/29: Thanksgiving Leftovers Edition
The State Rundown is back from Thanksgiving break with a heaping helping of leftover state tax news, but beware, some of it may be rotten. -
blog
November 8, 2017State Rundown 11/8: Online Sales Tax Fight and Tax Subsidy Absurdity Go National
Internet sales tax fairness efforts gained momentum this week as most states joined together to encourage the US Supreme Court to allow them to collect taxes on online sales. Meanwhile,… -
blog
May 17, 2017Investors and Corporations Would Profit from a Federal Private School Voucher Tax Credit
A new report by the Institute on Taxation and Economic Policy (ITEP) and AASA, the School Superintendents Association, details how tax subsidies that funnel money toward private schools are being…
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report
May 17, 2017Public Loss Private Gain: How School Voucher Tax Shelters Undermine Public Education
One of the most important functions of government is to maintain a high-quality public education system. In many states, however, this objective is being undermined by tax policies that redirect… -
blog
May 4, 2017EITC Victories Await in Both Hawaii and Montana
Two states are on the verge of embracing a tried and tested anti-poverty policy, the Earned Income Tax Credit (EITC). In the past two weeks, lawmakers in both Hawaii and… -
ITEP Work in Action
March 19, 2017Montana Budget & Policy Center: Capital Gains Tax Credit Valuing Wealth Over Work in Montana
In 2003, the Montana Legislature passed a capital gains tax credit that benefits a very narrow portion of our population at the great expense of our collective ability to adequately…
By the Numbers
| Personal Income Tax Features | |
|---|---|
| Range of Tax Rates | 1% - 6.9% |
| Standard Deduction |
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| Personal Exemption | $2,330 (2014) |
| Dependent Exemption | $2,330 (2014) |
| Earned Income Tax Credit (EITC) | None |
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| Corporate Income Tax Features | |
|---|---|
| Range of Tax Rates | N/A |
| Income Level at Which Top Rate Applies | N/A |
| Combined Reporting | 6.75% |
| Apportionment Factor (Payroll) | All |
| Apportionment Factor (Property) | Yes |
| Apportionment Factor (Sales) | 33% |
| Sales Tax Features | |
|---|---|
| State Sales Tax Rate | N/A |
| Average Local Sales Tax Rate | N/A |
| Average Combined State & Local Sales Tax Rate | N/A |
| State Sales Tax Treatment of Groceries | N/A |
| Local Sales Tax Treatment of Groceries | N/A |
| Number of Services Taxed | 18 out of 168 surveyed (2007) |
| Streamlined Sales Tax Membership | No |
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| Property Tax Features | |
|---|---|
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| Other Tax & Revenue Features | |
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| Gasoline Tax Rate (per gallon) | $0.278 |
| Diesel Tax Rate (per gallon) | $0.286 |
| Cigarette Tax Rate (per pack) | $1.70 |
| Estate or Inheritance Tax | No |
| Net Lottery Sales Per Capita | $45 (2010) |
| Tax Policy Oversight | |
|---|---|
| Tax Expenditure Report | Yes |
| Tax Incidence Analysis Capability | Personal income tax only |
Last updated January 13, 2015
RESOURCES
State Tax & Revenue Information
- Montana Department of Revenue
- Montana Department of Revenue - Biennial Reports
- Montana Tax Reform Study Committee
Tax Expenditure Reports
State Statutes & Legislation
State Tax Forms
State Legislative Summaries
- None