Revise taxation of net long-term capital gains

HB 868 sought to revise the state income tax rates for net long-term capital gains in Montana. It proposed replacing the current two-tiered tax structure for these gains with a new system featuring four distinct tax brackets. The bill outlined specific income thresholds and corresponding tax rates for different taxpayer categories, including married individuals filing jointly, heads of household, and single filers. These changes would have applied to income tax years beginning after December 31, 2025.