Senate Bill 407 did not Expand the Economy

Senate Bill 407, passed in 2003, lowered the top tax rate for the personal income tax and created a credit for capital gains, effectively lowering the capital gains rate. At the time, proponents argued that these changes would spur economic growth in Montana. However, there is no evidence that SB 407 created additional growth in Montana’s economy.

pdf Policy Brief: SB407 Did Not Expand the Economy (3/19/09)