Fort Benton, Mont. -Governor Greg Gyanfort, Senator Josh Casmiyar, R-Fort Benton, and local AG producers today called for assistance for business equipment tax reform. Government Gianfort and San Casam support reforms to permanently eliminate tax burden for additional 700 small businesses, family farms and family fields.
Government Gyanfort said, “In keeping with the hard -working montanes, we are once again preferring to get rid of historical business equipment tax, and eliminate this tax burden for Montana’s more small businesses and family farms and fields.” “Taxing taxes on important business equipment makes it difficult to grow a small business and this is a wet blanket on the creation of a job. Let’s keep your progress to eliminate the burden.”
Since 2021, San Casam has led to the accusation of reducing the burden of business equipment tax for small businesses and family farms and fields in the legislature. Between 2021 and 2023, then rap. Kasimier patronized the bills, which the governor signed in the law, which increased the exemption of business equipment tax from 100,000 to 1,000,000, which eliminated the burden of business equipment for more than 5,000 small businesses, farms and fields.
“It is important that inflation keeps targeting these fields and fields, the price of goods continues to rise, and with only two pieces of goods, it does not take too long to reach 1 million millions. Raising the discounts to $ 3 million will help this tax role will help more than 700 farmers and renters. “I appreciate the governor’s work and leadership on it, and I look forward to expanding the immunity.”
During a visit to Circle View Farms in Fort Banton, Government Gianfort and San Casmer met with fourth -generation owner Brent Hanford on the importance of expanding immunity to take more fields and fields than business equipment tax rolls.
Hanford said, “Business equipment tax is taxing your goods on which you have already taxed.
The governor and the senator also heard from the owner of the Heartland seed and the farmer Eric Gray in the High Wood.
“I’ve been really lucky. When I have enrolled here for the past few years, and to help my father back, I have been able to start collecting my own equipment line and business equipment tax has increased, so I do not have to worry about it, so the exemption will continue to help.”
Gray added, “Depending on what you are buying depends on what you are buying, what you are buying depends on what you can tie it in a hurry.”
Montana’s business equipment tax requires small businesses and family farms and fields to re -highlight resources, which they will otherwise use to invest in their operations and create jobs, which they need to work on the goods and machinery.
Business equipment also imposes an expensive burden of compliance, which requires inventory and reports its goods to the state every year.
Business equipment tax burden on Montanens is continuing to encourage Senate Bill 322 business investment and promote job opportunities. The bill will be heard in the Senate taxation committee on March 27.
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Government Gyanfort’s office
