(MT DOR) The Montana Department of Revenue recently notified business owners with a business equipment reporting requirement, that it is time to report for Tax Year 2025.
Individuals and businesses owning business equipment, as of January 1st, 2025, with an aggregate market value of more than $1 million statewide must report the equipment owned by March 1st to avoid a 20 percent penalty.
Businesses whose statewide market value of equipment is $1 million or less are exempt from the business equipment tax.
