$45 Million Coming for Yellowstone County Residents
When it comes to the tax relief that is about to be delivered to Yellowstone County taxpayers, just how much money are we talking? About $45 million. For Gallatin County? Over $49 million.
When we caught up with Governor Greg Gianforte (R-MT) on Wednesday morning, he was very excited to talk about the tax relief bills that are moving through the legislative process in Helena. He says we could see tax relief bills on his desk within a couple weeks.
Gov. Gianforte: Very simple premise...we overcharged the people in Montana, we need to give it back. So the total package of these tax reform bills- we're gonna give a billion dollars back to Montanans in permanent rate reductions and rebates.
Once signed, this will allow Montanans to keep more of their own money in their own pockets, and more money to be spent (or saved) in their own local communities.
According to estimated 2024 and 2025 estimated tax data that was shared with us by the governor's office, Flathead County will see over $30 million in tax relief, while Missoula County will see over $34 million in tax relief. Silver Bow county residents will see about $7 million in tax relief.
On top of the income tax relief, business equipment tax relief has already cleared the Montana Legislature and is heading towards the governor's desk.
Gov. Gianforte: The business equipment tax passed on third reading yesterday (Tuesday). Most of the other tax relief bills- the income relief, the property tax rebates- are on third reading today. So I'm hopeful we can have a celebration here in the next short period of time...we could
deliver the largest tax relief package in the history of the State of Montana.
Full audio of our chat with the governor should be available soon at this link.