Governor Praises Business Tax Climate
Governor Steve Bullock is praising Montana's business tax climate, after a report ranked it as one of the best in the country.
The Tax Foundation, a non-partisan tax research group has rated Montana as 7th in the nation in its 2014 State Business Tax Climate Index. The report looked at factors like corporate and property taxes, with the state moving up a rank from last year's report. Governor Steve Bullock attributed the improvement to business tax cuts passed during the last legislative session.
“You don't get that sort of ranking without having a solid tax structure, we provided the opportunity this last legislative session, we cut taxes for every business in Montana, eliminated the business equipment tax for two-thirds of them paying.”
The report also ranked the state as 3rd in the sales tax category, since Montana doesn't have one. The state rated as having the best business tax climate is Wyoming.
Story by Luba Solonenko, Beartooth NBC.
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