A joint committee comprising members from the state House of Representatives and Senate passed a bill that would impose a 3% management fee on Montana State Fund’s investment portfolio, and a new proposal emerged to remove the carrier’s premium tax exemption as lawmakers look for ways to close a $227 million budget deficit.
The joint House Business and Labor and Senate Business, Labor and Economic Affairs committees on Tuesday night voted 6-4 to pass Senate Bill 4, by Sen. Ed Buttrey, R-Great Falls, directing the Board of Investments to charge a 3% fee for managing the St...
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