Will Montana follow Idaho's lead on special session for tax cuts?
Idaho legislators meet in Boise this week to convene a special session that will lower the state's tax burden, issue tax rebates, and increase education spending.
Record state revenue is causing states across the country - both Democrat and Republican - to lower taxes or issue tax rebates. The Mountain States are no different. According to the AP:
"Montana lawmakers are weighing whether to convene a special session later in September to provide tax breaks from a budget surplus. A proposal calls for giving $1,000 rebates to homeowners who paid property taxes during the past two years. It also would provide income tax rebates of $1,250 for individuals and $2,500 for couples.
Montana’s Republican House and Senate majority leaders said in a joint statement that the rebates would offer help “as soon as possible with expenses such as gas, groceries, school supplies and so much more.” But some lawmakers, including term-limited GOP Rep. Frank Garner, have expressed reluctance."
Montana does not have a sales tax. It relies on the state's property tax and income tax for most of its state revenue. You can compare Montana, Idaho, Washington and Wyoming's tax burdens in our Comparing States section.