We would like to remind owners of real and personal property about several important deadlines approaching soon.
Business and Industrial Equipment and Machinery Reporting
Business and industrial equipment owners need to report their personal property online with the department’s TransAction Portal (TAP).
Businesses must report if the total statewide market value of their equipment is over $100,000.
Businesses with a statewide market value $100,000 or less are exempt from taxation and do not have a reporting requirement.
Livestock owners have to report the number of livestock owned as of February 1.
Livestock is subject to the per capita fees set yearly by the Board of Livestock.
Reported your livestock online at ReportYourLivestock.mt.gov
Property Tax Exemption Applications
Applications must be submitted by March 1 to be considered for 2019.
Land Value Property Tax Assistance Program
Home owners may qualify for the Land Value Property Tax Assistance program if the department’s appraised market value of their land is more than 150% of the department’s appraised market value of their home and other improvements on the land.
Apply using the Land Value Property Tax Assistance for Residential Property Form.
Livestock owners must report the number of livestock owned as of February 1 to determine the required payment of the per capita fees set yearly by the Board of Livestock.
The report is due March 1.
Livestock per capita fees are due May 31. Livestock owners who do not pay their per capita fees when they report will receive their bill in early May with payment due May 31, 2019.
Individual Income Tax
- Updated Form: Montana Individual Income Tax Return (Form 2)
- We have consolidated the Montana Individual Income Tax Return (Form 2) to better match the federal Form 1040.
- Part of this change streamlines the layout of the Form 2. We have moved worksheets to be near their related schedules inside the Form 2. As such, we are no longer able to provide worksheets or schedules apart from the Form 2.
- Paperless Change: Elderly Homeowner/Renter Credit
- The Form 2EC is no longer available for paper filers. To claim the Elderly Homeowner/Renter Credit on paper, you will need to file a Montana Individual Income Tax Return (Form 2).
- If you do not have a filing requirement and do not wish to file a Form 2, you still claim this credit through our TransAction Portal (TAP).
- Removed Form: Montana Individual Income Tax Return (Form 2EZ)
- We are discontinuing the Montana Individual Income Tax Return (Form 2EZ). This change matches the federal change to discontinue the federal Form 1040EZ.
- If you previously filed the Form 2EZ, you will need to file a Form 2, or view other filing options.
- Paperless Change: Form 1099-G, Certain Government Payments
- We are no longer mailing Forms 1099-G.
- You may access your Form 1099-G through our TransAction Portal (TAP).
- New Form: Montana Employee’s Withholding Allowance and Exemption Certificate (Form MW-4)
- Due to changes to the federal form, we have implemented a Montana-specific Withholding Allowance and Exemption Certificate.
- New employees need to complete the Montana Form MW-4.
- Current employees do not need to fill out a Form MW-4 unless their situation changes.
- The new Form MW-4 will also be used to replace the Reciprocity Exemption from Withholding (Form MT-R), used to claim the North Dakota Reciprocity Agreement Exemption.
- Paperless Change: Livestock Reporting
- We will no longer mail Livestock Reporting forms.
- Livestock owners can report their livestock and pay the per capita fees through ReportYourLivestock.mt.gov.
The Montana Department of Revenue will mail 2018 livestock per capita fee bills this week. Payment is due by May 31. Livestock owners can pay online at ReportYourLivestock.mt.gov or by mail with a check.
March 1 was the deadline for livestock owners to report livestock they owned as of February 1.
If owners already paid their 2018 fees when they reported their livestock, they will not receive a bill.
All Montanans benefit from programs funded by per capita fees. Livestock producers benefit from programs to monitor animal health, monitor and restrict livestock imports, track animal movements, prevent and investigate livestock theft, and manage predators. The general public benefits from programs that prevent the spread of animal diseases to humans.
For more information, visit ReportYourLivestock.mt.gov or call (406) 444-6900.