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Montana Revenue Department Analysis Shows Downside of Corporate Tax Reduction Legislation

A new report by the Montana Department of Revenue estimates that Montanans and Main Street businesses would pay tens of millions of dollars a year more in property taxes if a handful of out-of-state corporations succeed in reducing their corporate property taxes.

The analysis is titled "Estimated Tax Shift Caused by Juras/Cablevision Recommendations and Refinery Positions for Counties and Selected Cities in Montana." http://www.revenue.mt.gov/content/committees/legislative_interim_committee/estimatedtaxshift.pdf It gives a county-by-county breakdown of how proposed changes in the way certain corporations are valued, or assessed, would cause tax shifts that increase property taxes for individual homeowners, small businesses, farmers and ranchers.

Full Story: http://www.revenue.mt.gov/content/publications/news_releases/corporate_tax_reduction_analysis.pdf

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