News you can use

Republicans vote down long- term property tax relief bill

Democrat-backed proposal would have offered income tax credit to ease homeowners’ and renters’ property taxes on an ongoing basis

Eric Dietrich

Montana Free Press

House Republicans voted down a Democrat-backed bill Wednesday that would have used income tax credits to ease the squeeze placed on lower-income homeowners and renters by rising property taxes.

House Bill 280, sponsored by Rep. Jonathan Karlen, D-Missoula, aimed to offer a state income tax credit to homeowners making up to $130,000 a year to reimburse them for a portion of their property tax bill. It would also have let renters claim a credit for a portion of their rental bill assumed to be attributed to property tax.

“It is a tax cut that provides meaningful l...

 

Reader Comments(0)

 
 
Rendered 04/23/2024 13:05