Tax News You Can Use

March 1 Deadline Reminder for Property Owners

Montana Department of Revenue | February 14, 2022

March 1 Business and industrial equipment owners need to report their personal property online with the department’s TransAction Portal (TAP) at https://tap.dor.mt.gov. Businesses have a statutory reporting requirement if their total statewide aggregate … March 1 Deadline Reminder for Property Owners

Senate Bill 376 Revised Montana’s Income Apportionment Formula

Montana Department of Revenue | February 7, 2022

Senate Bill 376 SB 376 (2021) revised Montana’s income apportionment formula for multistate businesses. When a business operates in Montana and other states, it must determine the portion of its ...

House Bill 279 Increased Tax Credits for Qualified Education Contributions

Montana Department of Revenue | January 24, 2022

House Bill 279, passed during the 67th Montana Legislative Session, increased the allowable tax credit for donations made to qualified education organizations. The Innovative Education Program (IEP) credit is for donations made to ...

Livestock Reports Due March 1

Montana Department of Revenue | January 19, 2022

Montanans have just a few more weeks to report the number of each type of livestock they own in order to pay the per capita fees set yearly by the … Livestock Reports Due March 1

New Individual Income Tax Rate

Montana Department of Revenue | January 10, 2022

This article was first sent as part of the Tax News You Can Use Newsletter Sign up to get updates delivered directly to your inbox. Senate Bill 159, passed during ...

Changes to Business Equipment Reporting Requirements

Montana Department of Revenue | January 3, 2022

The 2021 Legislature passed House Bill 303, changing how Montana taxes business equipment. The new law increases the business equipment tax exemption from $100,000 to $300,000 for Tax Year 2022. ...

American Rescue Plan Act Effects on Montana Legislation

Montana Department of Revenue | December 13, 2021

The federal American Rescue Plan Act (ARPA) was enacted in March, 2021, affecting six bills passed during the 2021 Montana Legislative Session. Click here to learn more.

Simplification of Montana Income Taxation

Montana Department of Revenue | November 29, 2021

This article was first sent as part of the Tax News You Can Use Newsletter Sign up to get updates delivered directly to your inbox. 2021 Legislative Roundup The 67th Montana ...

Fifteen Montana Tax Credits Repealed in 2022

Montana Department of Revenue | November 24, 2021

This article was first sent as part of the Tax News You Can Use Newsletter Sign up to get updates delivered directly to your inbox. 2021 Legislative Roundup The 67th Montana ...

Participating in the Administrative Rules Process

Montana Department of Revenue | August 9, 2021

The Montana Department of Revenue would like to remind you that as we work to implement programs created by the legislature or to update our current programs to better serve the public, there ...

2019 Pass-Through Entity Delinquency Letters Mailed

Montana Department of Revenue | June 9, 2021

We recently mailed letters to S corporations and partnerships that have an open account with us and have not filed their 2019 Montana tax returns. Sending these delinquency letters helps ...

Public Notice – 2020 Universal System Benefits Reports

Montana Department of Revenue | March 12, 2021

The Montana Department of Revenue has received 2020 Universal System Benefits Reports from the companies listed below. You may review all USB Reports at our Central Office: 125 N. Roberts, ...

COVID Business Grant Income Taxable in Montana

Montana Department of Revenue | January 25, 2021

Montana received $1.25 billion in funding from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, passed March 27, 2020, to use for necessary expenditures related to the COVID-19 pandemic. Among other ...

Contents of Unclaimed Safe Deposit Boxes Up For Auction

Montana Department of Revenue | October 13, 2020

HELENA --- Rare coins, antique watches, and other relics of Montana’s past are now up for auction, as the Montana Department of Revenue disposes of the unclaimed contents of safe deposit boxes. By law, ...

Public Notice – 2019 Universal System Benefits Reports

Montana Department of Revenue | April 7, 2020

The Montana Department of Revenue has received 2019 Universal System Benefits Reports from the companies listed below. You may review all USB Reports at our Central Office: 125 N. Roberts, ...

My Revenue Wins National Award

Montana Department of Revenue | September 25, 2019

At the Montana Department of Revenue, we work hard to make things easy for Montanans. And we’re getting national notice—Montana’s My Revenue app has earned nationwide recognition with the 2019 ...

New for Tax Year 2019: Montana Pass-Through Entity Tax Return (Form PTE)

Montana Department of Revenue | September 19, 2019

Beginning with Tax Year 2019, Partnerships and S corporations will file their Montana tax return on the new Montana Pass-Through Entity Tax Return (Form PTE). Disregarded entities owned by partnerships ...

Filing Changes for Disregarded Entities

Montana Department of Revenue | September 19, 2019

Starting with Tax Year 2019, we will not accept the Montana Disregarded Entity Information Return (Form DER-1) or payments for the following entities: Single-Member LLCs (SMLLC) owned by partnerships or ...

Inactive Businesses: File Form INA-CT on TAP

Montana Department of Revenue | June 6, 2019

Businesses that are not actively conducting business in Montana and would like to maintain good-standing with the Montana Secretary of State must file Form INA-CT for every year in which ...

Property Appraisal Notices Coming from Department of Revenue