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 claiming of the infrastructure use fee as both a tax credit and a deduction, ensuring that businesses cannot benefit from the same fee in multiple ways.

The amendments to Sections 17-6-309, 17-6-311, and 17-6-316 of the Montana Code Annotated (MCA) include a focus on investments that create new jobs or preserve existing ones, while also emphasizing the importance of local ownership and environmental sustainability. The bill establishes that loans made under the program must be used for infrastructure that supports business creation or expansion, and it clarifies that tax credits related to these loans cannot be claimed if the infrastructure use fee has been deducted from taxable income. The provisions of this act 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