Montana Rep. Jim Hamilton proposes tax deductions for venture capitalists

How can Montana attract and keep more high-tech startup businesses? Freshmen state Rep. Jim Hamilton, D-Bozeman, proposes taxing their investors less.

On Tuesday, Hamilton pitched fellow lawmakers on two tax proposals, the first, House Bill 187, allows venture capitalists to take a 30 percent income tax deduction on the amount of their investment so long as they put at least $50,000 in a Montana company. The credit is capped at $75,000 per year.

By Troy Carter • Chronicle Staff Writer

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