HELENA — Here are some major tax bills before the 2013 Legislature, their financial impact to the state general fund over the next two years and their status:
Individual and corporate income taxes:
–HB49, by Rep. Pat Ingraham, R-Thompson Falls, to exempt military pensions from state income tax. General fund impact: -$24.5 million. Status: House Appropriation.
–HB361, by Rep. Chuck Hunter, D-Helena, to provide a one-time, $400 rebate to Montana homeowners. Impact: -$99 million. Status: House Taxation.
–HB393, by Rep. Brian Hoven, R-Great Falls, to revise the individual income tax for married taxpayers. General fund impact: -$35.3 million. Status: House Appropriations.
–HB523, by Rep. Nicholas Schwaderer, R-Superior, to reduce the corporation tax rate. General fund impact: -$18.6 million. Status: House Appropriations.
–HB532, by Rep. Roy Hollandsworth, R-Brady, to revise income tax using flat rate and tie to federal taxable income. General fund impact: +$38 million. Status: House Taxation.
–HB581, by Rep. Kris Hansen, R-Havre, to revise the income tax, using a tie to federal taxable income and repealing credits. General fund impact: -$29.5 million. Status: House Taxation.
–SB170, by Sen. Art Wittich, R-Bozeman, to revise income tax rates and capital gains credit. General fund impact: -$129.7 million. Status: Senate Taxation.
–SB282, by Sen. Bruce Tutvedt, R-Kalispell, to revise individual income and corporate taxes. General fund impact: -$11.3 million. Status: Senate Taxation.
Property taxes:
–HB230, by Rep. Scott Reichner, R-Bigfork, to generally revise property taxes. General fund impact: -$105.9 million. Status: House Appropriations.
–HB472, by Rep. Jerry Bennett, R-Libby, to reduce the property tax on business equipment by increasing the exemption. General fund impact: -$22.5 million. Status: House Appropriations.
–SB96, by Sen. Bruce Tutvedt, R-Kalispell, to lower the business equipment tax. General fund impact: -$7.7 million. Status: Passed Senate and in the House.
-SB287, by Rep. Dick Barrett, D-Missoula, to replace the residential property tax system with a property tax circuit breaker. General fund impact: -$30.4 million. Status: In Senate Taxation.
Source: Legislative Fiscal Division and State Bureau research.