Years ago, the legislature created a tax break for oil and gas companies. At the time, proponents of the tax break claimed that it would encourage economic development in Montana’s resource-rich areas, a claim unsupported by the facts. In reality, oil and gas companies will operate where there is oil and cannot afford to base their decisions on state taxes, which are just a small fraction of their total costs.
>>Read MBPC's full report on the oil and gas tax holiday here.
MBPC is a nonprofit organization focused on providing credible and timely research and analysis on budget, tax, and economic issues that impact low- and moderate-income Montana families.