This bill revises the Contractor's Gross Receipts Tax by increasing the exemption amount within the definition of a public contractor. Specifically, it amends Section 15-50-101 of the Montana Code Annotated (MCA) to reflect this change, although the exact new exemption amount is not specified in the summary provided.

Additionally, the bill includes provisions for an immediate effective date and outlines an applicability date for the changes made. This suggests that the revisions to the tax structure will take effect promptly, impacting public contractors and their financial obligations under the law.

Statutes affected:
SB0253_1.pdf: 15-50-101
SB0253_2.pdf: 15-50-101
SB0253_3.pdf: 15-50-101
Amended: 15-50-101, 15-50-207
Introduced: 15-50-101