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**** 68th Legislature 2023SB 554AN ACT PROVIDING FOR AN OPTIONAL WALKTHROUGH ENTITY TAX; PROVIDING THE ENTITY TAX IS IN LIEU OF THE COMPOSITE TAX; ESTABLISHING PROCEDURES TO MAKE THE OPTIONAL ELECTION;

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What is montana set to enact?

Montana is set to enact new regulations regarding the reporting of certain financial and business activities to enhance transparency and accountability.

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Individuals and businesses engaged in specified financial activities or transactions within the state of Montana are required to file.

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The purpose is to ensure compliance with state financial regulations, promote transparency, and prevent illegal activities, such as money laundering.

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Reporting must include details such as the nature of the business activities, financial transactions, and any relevant identification information for the individuals involved.

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