Montana Can Bypass a Costly and Ineffective Federal Tax Break for Corporations
MBPC Staff | March 2011 | Presented by the Montana Budget & Policy Center
Montana’s tax code is based on the federal tax code, so deductions passed at the federal level are automatically implemented at the state level, unless specifically disallowed by the state. The federal “domestic production deduction” tax break doesn't make sense as state policy, and is estimated to cost Montana $6 million in revenue in fiscal year 2011, at a time when we need all available revenue to maintain education, health care, and other vital public services.
Domestic Production Deduction