MT Dept. of Revenue Changes to the Business Equipment Reporting Requirement

Press release

 

January 24, 2024



FOR IMMEDIATE RELEASE

January 8, 2024

CONTACT

Jason Slead, Public Information Officer, MT Dept. of Revenue

(406) 444-6700, [email protected]

Montana Dept. of Revenue: Changes to the Business Equipment Reporting Requirement

HELENA – The 2023 Legislature passed House Bill 212, changing how business equipment is taxed in Montana. The new law increases the business equipment tax exemption from $300,000 to $1 million for tax year 2024.

Businesses whose statewide market value of equipment is $1 million or less are exempt from the business equipment tax. These businesses do not have a reporting...



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