House Bill 329 seeks to encourage the growth of ammunition component manufacturing businesses in Montana by providing a range of tax exemptions. These exemptions include relief from property taxes related to state educational purposes, individual and corporate income taxes, and other business-related taxes for manufacturers of ammunition components. To qualify, businesses must ensure their products are competitively priced for in-state consumers and refrain from agreements that limit sales to out-of-state consumers. The bill also extends tax exemptions to lenders or investors who provide loans to these manufacturers, subject to specific conditions.

The legislation amends existing tax laws, specifically sections 15-6-219, 15-30-2120, and 15-31-113 of the Montana Code Annotated (MCA), to incorporate these new exemptions. Key amendments include the insertion of provisions that exempt income derived from the manufacture of ammunition components and income from loans to such manufacturers. Additionally, the bill establishes criteria for tax subtractions related to military pensions and income, applicable only to certain residents for a limited time. The act is set to take effect upon passage, with retroactive applicability to tax years beginning on or after January 1, 2025, and will terminate on December 31, 2035.

Statutes affected:
LC Text: 15-6-219, 15-30-2120, 15-31-113
HB0329_1(1): 15-6-219, 15-30-2120, 15-31-113
HB0329_1(10): 15-6-219, 15-30-2120, 15-31-113
HB0329_1(2): 15-6-219, 15-30-2120, 15-31-113
HB0329_1(3): 15-6-219, 15-30-2120, 15-31-113
HB0329_1(4): 15-6-219, 15-30-2120, 15-31-113
HB0329_1(5): 15-6-219, 15-30-2120, 15-31-113
HB0329_1(6): 15-6-219, 15-30-2120, 15-31-113
HB0329_1(7): 15-6-219, 15-30-2120, 15-31-113
HB0329_1(8): 15-6-219, 15-30-2120, 15-31-113
HB0329_1(9): 15-6-219, 15-30-2120, 15-31-113
HB0329_1: 15-6-219, 15-30-2120, 15-31-113
HB0329_2(1): 15-6-219, 15-30-2120, 15-31-113
HB0329_2(10): 15-6-219, 15-30-2120, 15-31-113
HB0329_2(11): 15-6-219, 15-30-2120, 15-31-113
HB0329_2(12): 15-6-219, 15-30-2120, 15-31-113
HB0329_2(13): 15-6-219, 15-30-2120, 15-31-113
HB0329_2(14): 15-6-219, 15-30-2120, 15-31-113
HB0329_2(15): 15-6-219, 15-30-2120, 15-31-113
HB0329_2(2): 15-6-219, 15-30-2120, 15-31-113
HB0329_2(3): 15-6-219, 15-30-2120, 15-31-113
HB0329_2(4): 15-6-219, 15-30-2120, 15-31-113
HB0329_2(5): 15-6-219, 15-30-2120, 15-31-113
HB0329_2(6): 15-6-219, 15-30-2120, 15-31-113
HB0329_2(7): 15-6-219, 15-30-2120, 15-31-113
HB0329_2(8): 15-6-219, 15-30-2120, 15-31-113
HB0329_2(9): 15-6-219, 15-30-2120, 15-31-113
HB0329_2: 15-6-219, 15-30-2120, 15-31-113
HB0329_3(1): 15-6-219, 15-30-2120, 15-31-113
HB0329_3(2): 15-6-219, 15-30-2120, 15-31-113
HB0329_3(3): 15-6-219, 15-30-2120, 15-31-113
HB0329_3(4): 15-6-219, 15-30-2120, 15-31-113
HB0329_3(5): 15-6-219, 15-30-2120, 15-31-113
HB0329_3(6): 15-6-219, 15-30-2120, 15-31-113
HB0329_3(7): 15-6-219, 15-30-2120, 15-31-113
HB0329_3: 15-6-219, 15-30-2120, 15-31-113
HB0329_X(1): 15-6-219, 15-30-2120, 15-31-113
HB0329_X(2): 15-6-219, 15-30-2120, 15-31-113
HB0329_X(3): 15-6-219, 15-30-2120, 15-31-113
HB0329_X(4): 15-6-219, 15-30-2120, 15-31-113
HB0329_X(5): 15-6-219, 15-30-2120, 15-31-113
HB0329_X(6): 15-6-219, 15-30-2120, 15-31-113
HB0329_X(7): 15-6-219, 15-30-2120, 15-31-113
HB0329_X(8): 15-6-219, 15-30-2120, 15-31-113
HB0329_X(9): 15-6-219, 15-30-2120, 15-31-113
HB0329_X: 15-6-219, 15-30-2120, 15-31-113