This bill aims to revise the laws governing the calculation of tax increment for districts utilizing tax increment financing. It seeks to clarify the applicability of exclusions from tax increment financing, ensuring that the regulations are more precise and easier to understand for those involved in such financial arrangements.

The bill amends specific sections of the Montana Code Annotated (MCA), specifically sections 7-15-4286 and 71-3-1506, to incorporate these changes. Additionally, it establishes an immediate effective date for the new provisions, allowing for prompt implementation of the revised regulations.

Statutes affected:
SB0505_1.pdf: 7-15-4286, 71-3-1506
Introduced: 7-15-4286, 71-3-1506