Montana State Legislature

Overview

House Bill No. 723 requires the Revenue Interim Committee to review tax credits each interim.  The table below shows the tax credits reviewed during the 2019-2020 interim and committee action related to each tax credit. The committee adopted a final report summarizing the results of the tax credit review.

Tax Credit	MCA Section	Meeting Scheduled for Review	Committee Recommendation
Income taxes imposed by foreign states or countries	15-30-2302	November 2019	Retain credit, do not review in future CC01 adopted as committee bill
New or expanded industry	15-31-124 through 15-31-127	November 2019	Repeal credit TC02 adopted as committee bill
Energy-conserving expenditures	15-30-2319, 15-32-109	April 2020	Increase credit to $800 and allow it to be refunded  TC01 adopted as committee bill
Installing alternative energy systems	15-32-201 through 15-32-203	April 2020	Allow credit to be refunded  TC03 adopted as committee bill
Elderly homeowners and renters	15-30-2337 through 15-30-2341	July 2020	Retain credit
Contractor's gross receipts	15-50-207	July 2020	Retain credit

The committee's work plan includes information on the review process.

Meeting Materials

Tax Credit Review Worksheet

September 11, 2020

• TC03 - Alternative energy systems credit refundability
• TC04 - Increase minimum project subject to contractor's license fee
• 2019-2020 Tax Credit Review Final Report (Draft)

August 25, 2020

• Public comment on elderly homeowner and renter tax credit: AARP

July 21, 2020

• Elderly Homeowner & Renter Tax Credit -- Megan Moore
  • Analysis of Usage (2018) -- Legislative Fiscal Division
• Contractor's Gross Receipts Tax Credit -- Megan Moore
  • ​​​​​​​Taxpayer Use of Credit -- Megan Moore
  • Analysis of Usage (2018) -- Legislative Fiscal Division
  • Public comment: Montana Contractors Association
• New or Expanded Industry Tax Credit
  • TC02 - Repeal new or expanded industry tax credit
• Credit for Energy-Conserving Expenditures
  • Federal Nonbusiness Energy Property Credit -- Megan Moore
  • Credit in Tax Year 2018 (map)
  •  TC01 - Revise credit for energy-conserving expenditures
• Alternative Energy Systems Credit
  • Usage by Type of Energy System -- Megan Moore
  • Credit in Tax Year 2018  (map)

April 29, 2020

• Energy-conserving expenditures -- Megan Moore
  • Analysis of Usage (2018) -- Legislative Fiscal Division
• Installing alternative energy systems -- Megan Moore
  • Analysis of Usage (2018) -- Legislative Fiscal Division
• DEQ brochure
• Public comment
  • Montana Renewable Energy Association
  • Northern Plains Resource Council

November 18-19, 2019

• Foreign States Tax Credit
• New or Expanded Industry Tax Credit
• Public comment from Kyle Compton, REMI

September 24-25, 2019

• House Bill 723
• Memo: Options for approaching Montana's incentive evaluation criteria
• Public comment: Where is the Money Going? It Is Time to Look at Montana's Tax Expenditures -- Montana Budget & Policy Center