state revenue tax policy
state revenue tax policy

Capital Gains Tax Credit: Valuing Wealth Over Work in Montana

In 2003, the Montana Legislature passed a capital gains tax credit that benefits a very narrow portion of our population at the great expense of our collective ability to adequately invest in public programs, from education to health care. Currently, Montana is one of just nine states offering a significant tax break for capital gains income. Since 2003, this tax break has proven to be unaffordable, unfair to working-class Montanans, and has not helped the economy.

>> Read MBPC's updated report here.

Montana Budget & Policy Center

Shaping policy for a stronger Montana.

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.

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(1/1) ErrorException

file_put_contents(): Only 0 of 248 bytes written, possibly out of free disk space

in Filesystem.php line 122
at HandleExceptions->handleError(2, 'file_put_contents(): Only 0 of 248 bytes written, possibly out of free disk space', '/home/coesssmy/public_html/mb/vendor/laravel/framework/src/Illuminate/Filesystem/Filesystem.php', 122, array('path' => '/home/coesssmy/public_html/mb/storage/framework/sessions/kXFXbT0zrNyYA2Vu8xYimbvx6LjJxW1XCpS2mpWZ', 'contents' => 'a:3:{s:6:"_token";s:40:"l7ckngBrkf0P8BKjjlFzYx4O3X3QB4jpMM5GUOe0";s:9:"_previous";a:1:{s:3:"url";s:90:"https://montanabudget.org/report/capital-gains-tax-credit-valuing-wealth-over-work-montana";}s:6:"_flash";a:2:{s:3:"old";a:0:{}s:3:"new";a:0:{}}}', 'lock' => true))
at file_put_contents('/home/coesssmy/public_html/mb/storage/framework/sessions/kXFXbT0zrNyYA2Vu8xYimbvx6LjJxW1XCpS2mpWZ', 'a:3:{s:6:"_token";s:40:"l7ckngBrkf0P8BKjjlFzYx4O3X3QB4jpMM5GUOe0";s:9:"_previous";a:1:{s:3:"url";s:90:"https://montanabudget.org/report/capital-gains-tax-credit-valuing-wealth-over-work-montana";}s:6:"_flash";a:2:{s:3:"old";a:0:{}s:3:"new";a:0:{}}}', 2)in Filesystem.php line 122
at Filesystem->put('/home/coesssmy/public_html/mb/storage/framework/sessions/kXFXbT0zrNyYA2Vu8xYimbvx6LjJxW1XCpS2mpWZ', 'a:3:{s:6:"_token";s:40:"l7ckngBrkf0P8BKjjlFzYx4O3X3QB4jpMM5GUOe0";s:9:"_previous";a:1:{s:3:"url";s:90:"https://montanabudget.org/report/capital-gains-tax-credit-valuing-wealth-over-work-montana";}s:6:"_flash";a:2:{s:3:"old";a:0:{}s:3:"new";a:0:{}}}', true)in FileSessionHandler.php line 83
at FileSessionHandler->write('kXFXbT0zrNyYA2Vu8xYimbvx6LjJxW1XCpS2mpWZ', 'a:3:{s:6:"_token";s:40:"l7ckngBrkf0P8BKjjlFzYx4O3X3QB4jpMM5GUOe0";s:9:"_previous";a:1:{s:3:"url";s:90:"https://montanabudget.org/report/capital-gains-tax-credit-valuing-wealth-over-work-montana";}s:6:"_flash";a:2:{s:3:"old";a:0:{}s:3:"new";a:0:{}}}')in Store.php line 128
at Store->save()in StartSession.php line 87
at StartSession->terminate(object(Request), object(Response))in Kernel.php line 218
at Kernel->terminateMiddleware(object(Request), object(Response))in Kernel.php line 189
at Kernel->terminate(object(Request), object(Response))in index.php line 58