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Montana tax policy lagging behind economic shifts, report says

Montana’s tax policy is outdated and does not reflect recent changes to the state’s economy, which has seen a marked shift away from non-service jobs such as manufacturing and farming to service-based industries such as health care and hospitality.

That’s according to a report prepared by Bozeman think tank Headwaters Economics for the state Legislature’s Joint Subcommittee on The Changing Economy and Impacts to the Long-Term Viability of Montana’s Tax Structure.

“An over-reliance on resource taxes may be generating a gap between where the economy is generating value and where the state generates revenue,” the Headwaters report reads.

By Lewis Kendall Chronicle Staff Writer

https://www.bozemandailychronicle.com/news/business/state-tax-policy-lagging-behind-economic-shifts-report-says/article_d817e96b-0374-53b5-8801-386fd7ed173b.html

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Montana’s Frontier Angels looks to change state policy to encourage investors, tech startups. Are you Looking to join Frontier Angels? http://www.matr.net/article-81178.html

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