Montana House Passes $1.5B Tax on Homes With High Dividends

A Montana lawmaker has introduced a bill that would eliminate taxes on the homes of those with a combined annual income over $100,000.

The House has approved a bill to eliminate taxes from properties with $100M+ in assessed value.

The bill has been referred to the Senate.

It’s not the first time Montana lawmakers have proposed such a measure.

A bill in 2016 eliminated the tax on the sale of single-family homes and condos.

The measure has yet to be approved by the Senate and would be up for a vote by the end of the month.