HB 132 Montana House · 2025 Regular Session

Exempt a portion of interest earnings from individual income tax

House Bill 132 aimed to revise individual income taxation by allowing taxpayers to deduct a portion of their interest earnings from their Montana taxable income. This proposed deduction would apply to interest income reported on a Form 1099. The bill specified that the amount of the deduction would be limited based on the individual's tax filing status. Essentially, it sought to reduce the state income tax burden for individuals receiving certain interest income.

Issues: ✗ Budget & Taxes

Bill status died 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Jan 2025

House Passage

Jan 2025

Senate Passage

Governor

Introduced Jan 7, 2025 Last action May 20, 2025

Maddy AI version diff · 1 comparison

What changed between versions

LC2572.pdf → HB0132_1.pdf · 2 edits

MINOR

The bill number was officially changed from LC 2572 to HB 132, and the sponsor's name was added as T. Falk. These are technical and administrative updates that do not alter the bill's legal content, scope, or policy requirements.

TECHNICAL

The bill identifier was updated from LC 2572 to HB 132 to reflect its official House Bill status.

The sponsor's name, T. Falk, was added to the introduction line.

Floor votes · House Jan 24, 2025

How they voted

21–0

Passed

Total votes 21

Jan 24, 2025

D Democratic9

9 Yea

100% Yea

R Republican12

12 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 24, 2025

House · Passed

House Vote: pass (21-0)

house

Jan 24, 2025

Amended

(H) Tabled in Committee - (H) Taxation

lower

Jan 8, 2025

Committee

(H) Referred to Committee - (H) Taxation

lower

Jan 7, 2025

Introduced

(H) Introduced

lower

1 primary · 0 co-sponsors