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Gov. Bullock Talks Business Equipment Tax Exemption

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State officials joined a Helena business owner Friday to highlight a new law that will cut taxes on Montana businesses.

Great Harvest Bread Company owner Ray Clum gave Governor Steve Bullock and Senator Bruce Tutvedt a tour of his business.
 
Starting January 1st, a new state law will exempt about 10,000 Montana businesses from paying and reporting the business equipment tax.

"When you look at even a mixing bowl costs $1,200, they're significant costs. And it's significant costs for a startup business, and a small business. If one of these ever had to be replaced, it's that much more significant."
 
Bullock says this law will save Montana businesses 11 million dollars per year.

 

Story by Charlie Misra, Beartooth NBC.
Copyright ©2013 Beartooth Communications Company. All Rights Reserved.

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