This bill revises the Infrastructure Loan Program and the Infrastructure Use Fee Tax Credit in Montana. Key changes include the removal of eligibility criteria that allowed for the increase of wages or incomes of existing employees and employers as a factor in loan considerations. Additionally, the bill prohibits the infrastructure use fee from being claimed as both a tax credit and a deduction, ensuring that taxpayers cannot benefit from both provisions simultaneously.

The amendments to specific sections of the Montana Code Annotated (MCA) include changes to investment preferences, limitations on the size of investments, and the economic development loan and infrastructure tax credit provisions. Notably, the bill emphasizes the importance of creating jobs and enhancing economic development without considering the impact on existing employee wages. The new legal language clarifies that loans must be used for infrastructure that supports business creation or expansion, and it establishes that tax credits related to these loans cannot be claimed if the infrastructure use fee has been deducted from taxable income. The bill will apply to infrastructure loans made on or after its effective date and tax credits claimed after December 31, 2025.

Statutes affected:
LC Text: 17-6-309, 17-6-311, 17-6-316
HB0016_1(1): 17-6-309, 17-6-311, 17-6-316
HB0016_1(2): 17-6-309, 17-6-311, 17-6-316
HB0016_1(3): 17-6-309, 17-6-311, 17-6-316
HB0016_1(4): 17-6-309, 17-6-311, 17-6-316
HB0016_1(5): 17-6-309, 17-6-311, 17-6-316
HB0016_1(6): 17-6-309, 17-6-311, 17-6-316
HB0016_1(7): 17-6-309, 17-6-311, 17-6-316
HB0016_1(8): 17-6-309, 17-6-311, 17-6-316
HB0016_1: 17-6-309, 17-6-311, 17-6-316
HB0016_2: 17-6-309, 17-6-311, 17-6-316
HB0016_X(1): 17-6-309, 17-6-311, 17-6-316
HB0016_X(10): 17-6-309, 17-6-311, 17-6-316
HB0016_X(2): 17-6-309, 17-6-311, 17-6-316
HB0016_X(3): 17-6-309, 17-6-311, 17-6-316
HB0016_X(4): 17-6-309, 17-6-311, 17-6-316
HB0016_X(5): 17-6-309, 17-6-311, 17-6-316
HB0016_X(6): 17-6-309, 17-6-311, 17-6-316
HB0016_X(7): 17-6-309, 17-6-311, 17-6-316
HB0016_X(8): 17-6-309, 17-6-311, 17-6-316
HB0016_X(9): 17-6-309, 17-6-311, 17-6-316
HB0016_X: 17-6-309, 17-6-311, 17-6-316