HELENA — Gov. Brian Schweitzer has signed a bill giving a tax break to all businesses operating in the state.
The Democratic governor had opposed the Republican plan to reduce the business equipment tax for all the businesses in Montana, saying large, out-of-state companies shouldn't get the break.
But he says he signed the bill Friday because vetoing it also would have thrown out help for small businesses.
Schweitzer had favored his own proposal to eliminate the tax altogether for businesses with less than $1 million in equipment. He says his proposal would have left 450 of the state's largest businesses on the tax rolls.
Instead, the GOP-led Legislature passed a tax reduction on the first $2 million in equipment from 3 percent to 2 percent for all businesses.