The bill aims to limit the duration of certain mill levies submitted to voters to a maximum of five years without requiring voter reapproval. It amends several sections of the Montana Code Annotated (MCA), specifically sections 7-15-4286, 15-10-425, and 20-9-502. Key changes include the insertion of language that specifies a new mill levy approved by voters is not considered a new levy if it is reapproved, and that the duration of any new or increased mill levy cannot exceed five years, except in certain specified circumstances. Additionally, the bill clarifies the procedures for determining and disbursing tax increments for targeted economic development districts and urban renewal areas.

The bill also modifies the requirements for mill levy elections, ensuring that the governing body must specify the purpose and duration of the levy in the resolution or charter amendment submitted to voters. It emphasizes that the governing body may submit a levy for reapproval if it is set to expire before the next election. Furthermore, the bill establishes that the provisions apply to mill levy elections held on or after the effective date of the act, thereby ensuring that the new limitations and requirements are implemented moving forward.

Statutes affected:
Introduced: 7-15-4286, 15-10-425, 20-9-502