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Bill

Bill

LC 2895

Revise social security income taxation

2025 Regular Session

Montana bill revises taxation of Social Security income, potentially affecting retiree tax burdens and state revenue, though specific provisions remain in draft stage.

(LC) Draft Delivered to Requester
#revenue #state #seniorcitizens(seealso:retirement) #taxation--individualincome
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Bill Summary · LC 2895

Legislative bill overview

LC 2895 would modify how Montana taxes Social Security income for state income tax purposes. The bill is currently in draft form and has not yet been formally introduced in the legislature, meaning its specific provisions are still being finalized by legislative counsel.

Why is this important

Social Security taxation affects retirement income for Montana seniors and could influence state revenue. Changes to how this income is taxed can either increase tax burdens on retirees or reduce state tax collections, making it a policy issue with direct financial consequences for both taxpayers and the state budget.

Potential points of contention

  • Retiree impact: Whether the changes provide tax relief to seniors on fixed incomes or increase their tax obligations
  • Revenue implications: How modifications affect Montana's general fund and whether the state can afford potential revenue losses
  • Fairness considerations: Whether different tax treatment of Social Security versus other retirement income sources (pensions, IRAs) creates horizontal equity concerns

Compiled from official sources — confirm details with the bill’s official record.

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