House Bill 329 seeks to encourage the growth of ammunition component manufacturing businesses in Montana by providing a range of tax exemptions. The bill exempts these manufacturers from property taxes, individual income taxes, corporate income taxes, and other business-related taxes, contingent upon their commitment to offer products to in-state consumers at competitive prices. Additionally, it extends similar tax exemptions to lenders or investors who finance these manufacturers, ensuring that the financial support aligns with the goal of maintaining local product availability.

The bill amends specific sections of the Montana Code Annotated (MCA), including provisions that exempt income derived from the manufacturing of ammunition components and from loans to these manufacturers. It also introduces criteria for tax subtractions related to military pensions and income, applicable only to certain residents for a limited duration. The act is designed to take effect upon passage and approval, with retroactive applicability to tax years starting January 1, 2025, and will remain in effect until 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