---
type: "Bill"
title: "Revise income tax rates for net-long term capital gains"
description: "Revise income tax rates for net-long term capital gains"
jurisdiction: "us/states/mt"
legislature: "Montana Legislature"
session: "2023"
identifier: "HB 221"
citation: "Montana HB 221 (2023)"
classification: ["bill"]
subjects: ["Revenue", "State", "Taxation (Generally)", "Taxation--Individual Income"]
status: "enacted"
primary_sponsors: ["Tom Welch"]
version_count: 9
action_count: 66
vote_count: 9
first_action: "2022-10-13T14:50:47+00:00"
last_action: "2023-03-13T22:16:04+00:00"
source: "openstates"
source_identifier: "ocd-bill/0d8f9412-2cf6-4c48-b4fb-f5f22105dfd2"
source_url: "https://bills.legmt.gov/#/bill/20231/LC0704"
source_hash: "c0b9a7ca2914005c0eff4df9e61a13dfdfde8bf60681adf21a19ab5e9e6c686b"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-mt"]
---

# Montana HB 221 (2023) — Revise income tax rates for net-long term capital gains

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **HB0221.001.001_Amendments-in-Context_final-condensed.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=5720)
2. **HB0221.001.001_Amendments-in-Context_final-full.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=5718)
3. **HB0221.002.001.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=5723)
4. **HB0221.002.001_Amendments-in-Context_final-condensed.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=5721)
5. **HB0221.002.001_Amendments-in-Context_final-full.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=5717)
6. **HB0221.002.002_Amendments-in-Context_final-condensed.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=5722)
7. **HB0221.002.002_Amendments-in-Context_final-full.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=5719)
8. **HB0221_1.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=5727)
9. **HB0221_2.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=5726)

## Votes

- (H) Committee Executive Action--Bill Passed as Amended — **16–7** (pass) · lower
- (S) 3rd Reading Concurred — **34–16** (pass) · upper
- (H) 2nd Reading Passed — **68–32** (pass) · lower
- (S) 2nd Reading Concurred — **34–16** (pass) · upper
- (H) 3rd Reading Passed — **68–31** (pass) · lower
- (H) Committee Executive Action--Bill Passed — **14–7** (pass) · lower
- (S) Committee Executive Action--Bill Concurred — **13–6** (pass) · upper
- (S) Committee Executive Action--Bill Concurred — **8–4** (pass) · upper
- (H) 2nd Reading Motion to Amend Failed — **32–68** (fail) · lower

## Sponsors

- Tom Welch — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-03-13T22:16:04+00:00** Chapter Number Assigned `became-law`
- **2023-03-13T21:29:56+00:00** (H) Signed by Governor `executive-signature`
- **2023-03-13T14:25:00+00:00** (H) Transmitted to Governor `executive-receipt`
- **2023-03-11T00:04:00+00:00** (S) Signed by President `passage`
- **2023-03-10T23:04:00+00:00** (H) Signed by Speaker `passage`
- **2023-03-09T18:37:40+00:00** (C) Printed - Enrolled Version Available `enrolled`
- **2023-03-09T18:37:18+00:00** (H) Returned from Enrolling
- **2023-03-02T14:27:49+00:00** (H) Sent to Enrolling
- **2023-03-02T02:06:11+00:00** (S) Returned to House
- **2023-02-28T22:33:00+00:00** (S) 3rd Reading Concurred `passage, reading-3`
- **2023-02-28T20:00:00+00:00** (S) Scheduled for 3rd Reading `reading-3`
- **2023-02-24T20:20:00+00:00** (S) Committee Report--Bill Concurred
- **2023-02-23T16:00:00+00:00** (S) Committee Executive Action--Bill Concurred
- **2023-02-21T22:00:30+00:00** (S) Hearing
- **2023-02-17T21:21:00+00:00** (S) Rereferred to Committee `referral-committee, referral-committee`
- **2023-02-17T20:45:00+00:00** (S) 2nd Reading Concurred `reading-2, reading-2`
- **2023-02-17T20:01:00+00:00** (S) Scheduled for 2nd Reading `reading-2`
- **2023-02-15T20:06:00+00:00** (S) Committee Report--Bill Concurred
- **2023-02-15T16:00:00+00:00** (S) Committee Executive Action--Bill Concurred
- **2023-02-14T16:00:25+00:00** (S) Hearing
- **2023-02-06T19:07:20+00:00** (S) Referred to Committee `referral-committee`
- **2023-02-03T22:41:57+00:00** (H) Revised Fiscal Note Printed
- **2023-02-03T20:14:00+00:00** (S) First Reading `reading-1`
- **2023-02-03T16:21:45+00:00** (H) Revised Fiscal Note Signed
- **2023-02-02T23:18:28+00:00** (H) Revised Fiscal Note Received `receipt`
- **2023-02-02T21:50:15+00:00** (H) Transmitted to Senate
- **2023-02-02T21:46:00+00:00** (H) 3rd Reading Passed `passage, reading-3`
- **2023-02-02T20:00:00+00:00** (H) Scheduled for 3rd Reading `reading-3`
- **2023-02-01T21:16:00+00:00** (H) 2nd Reading Passed `reading-2, reading-2`
- **2023-02-01T21:01:00+00:00** (H) 2nd Reading Motion to Amend Failed `amendment-failure, failure, reading-2`
- **2023-02-01T20:00:00+00:00** (H) Scheduled for 2nd Reading `reading-2`
- **2023-01-31T01:24:57+00:00** (H) Revised Fiscal Note Requested
- **2023-01-30T21:35:31+00:00** (C) Printed - New Version Available
- **2023-01-30T20:10:00+00:00** (H) Committee Report--Bill Passed as Amended `committee-passage`
- **2023-01-28T00:14:00+00:00** (H) Committee Executive Action--Bill Passed as Amended `committee-passage`
- **2023-01-27T03:13:08+00:00** (C) Amendments Available
- **2023-01-25T22:00:12+00:00** (H) Hearing
- **2023-01-24T22:14:00+00:00** (H) Referred to Committee `referral-committee`
- **2023-01-20T20:24:00+00:00** (H) Committee Report--Bill Passed `committee-passage`
- **2023-01-20T18:58:18+00:00** (H) Committee Executive Action--Bill Passed `committee-passage`
- **2023-01-18T16:00:00+00:00** (H) Hearing
- **2023-01-17T23:39:53+00:00** (H) Fiscal Note Printed
- **2023-01-17T15:39:02+00:00** (H) Fiscal Note Signed
- **2023-01-16T19:31:57+00:00** (H) Fiscal Note Received `receipt`
- **2023-01-11T20:08:03+00:00** (H) First Reading `reading-1`
- **2023-01-11T18:51:55+00:00** (H) Referred to Committee `referral-committee`
- **2023-01-11T15:37:07+00:00** (C) Introduced Bill Text Available Electronically
- **2023-01-10T16:15:57+00:00** (H) Fiscal Note Requested
- **2023-01-10T16:14:34+00:00** (H) Introduced
- **2023-01-10T16:14:33+00:00** (C) Fiscal Note Probable
- **2023-01-06T15:18:24+00:00** (C) Draft Delivered to Requester
- **2023-01-05T17:18:11+00:00** (C) Draft Ready for Delivery
- **2023-01-04T18:50:45+00:00** (C) Executive Director Final Review
- **2023-01-04T18:50:25+00:00** (C) Draft Ready for Delivery
- **2023-01-04T18:11:46+00:00** (C) Draft in Assembly
- **2023-01-04T15:17:45+00:00** (C) Executive Director Review
- **2023-01-03T17:38:04+00:00** (C) Bill Draft Text Available Electronically
- **2023-01-03T17:38:03+00:00** (C) Draft in Final Drafter Review
- **2023-01-03T00:45:24+00:00** (C) Draft in Input/Proofing
- **2023-01-02T18:05:28+00:00** (C) Draft to Drafter - Edit Review
- **2022-12-31T18:47:19+00:00** (C) Draft in Edit
- **2022-12-30T23:40:10+00:00** (C) Draft in Legal Review
- **2022-12-29T17:56:30+00:00** (C) Draft to Requester for Review
- **2022-12-26T21:04:49+00:00** (C) Draft Taken Off Hold
- **2022-10-13T16:57:30+00:00** (C) Draft On Hold
- **2022-10-13T14:50:47+00:00** (C) Draft Request Received `receipt`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0d8f9412-2cf6-4c48-b4fb-f5f22105dfd2`. Confidence: reported (aggregated from official Montana legislature records).