The Montana Legislature is considering Senate Bill 322, which would raise the business equipment tax exemption from $1 million to $3 million.

NFIB has sent an Action Alert to its Montana members, allowing them in a few clicks to register their opinion on this so-called “tax on honesty.”

Increasing this exemption will reduce the costly compliance and paperwork burdens placed on small businesses, freeing up resources for growth, jobs, and investment in employee benefits. Raising the exemptions will reduce the number of businesses subject to complicated and costly compliance requirements.

Small businesses often end up paying more to accountants to track and pay this tax than what is legally owed. This tax is seen by many as a tax on honesty, and the reform will benefit businesses in both good and bad economic years.

NFIB members are asked use the convenient link sent them to send a message to their representatives, urging their support for SB1069.

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