The bill, requested by the Department of Commerce, aims to increase the appropriation for export trade enhancement by amending Section 15-35-108 of the Montana Code Annotated (MCA). The amendment includes a change in the allocation of funds from the coal severance tax, specifically increasing the amount designated for export trade enhancement from $300,000 to $650,000. This adjustment is part of a broader allocation strategy that distributes severance tax revenues to various programs, including those for agriculture, library services, and conservation districts.

Additionally, the bill establishes an effective date of July 1, 2023, for these changes. The overall goal of the bill is to enhance support for export trade initiatives in Montana, reflecting a commitment to bolster economic development through increased funding in this area.

Statutes affected:
Introduced: 15-35-108