Bill to increase business equipment exemption earns bipartisan support in Senate
A farmer cultivates a field in Lower Valley on Tuesday, May 16. (Casey Kreider/Daily Inter Lake)
Casey Kreider
On a bipartisan vote Tuesday, the Montana Senate approved a bill to increase the business equipment tax exemption rate, a priority for Gov. Greg Gianforte.
Gianforte, a Republican, earlier described it as a “tool tax,” and members of the agricultural and business communities spoke in support of it at a hearing.
Sen. Josh Kassmier, R-Fort Benton, sponsored Senate Bill 322, which he described as a simple bill that offers tax relief to small businesses.
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