This bill, requested by the Department of Revenue, aims to revise property tax laws by removing new industrial property from Class Five. It amends several sections of the Montana Code Annotated (MCA), specifically sections 15-6-135, 15-24-1401, and 20-9-407, to reflect this change. Additionally, the bill repeals section 15-6-192, which may have previously governed aspects of property classification or taxation related to industrial properties.

The primary focus of the bill is to adjust the classification of new industrial properties, which could potentially impact tax rates and revenue generated from these properties. By removing them from Class Five, the bill seeks to streamline property tax regulations and possibly provide a more favorable tax environment for new industrial developments in Montana.

Statutes affected:
SB0046_1.pdf: 15-6-135, 15-24-1401, 20-9-407
Introduced: 15-6-135, 15-24-1401, 20-9-407