The "Make Cents Montana Act" empowers local governments in Montana to implement a local option sales tax, subject to voter approval, aimed at reducing property tax burdens and funding essential infrastructure projects, particularly in tourist-heavy areas. The bill defines "tourist-oriented goods and services" and sets a maximum tax rate of 3%, mandating that at least 50% of the revenue generated be allocated to property tax reduction. It also establishes administrative requirements for tax collection and reporting, ensuring that the local option sales tax does not conflict with existing resort taxes and prevents double taxation in overlapping jurisdictions.

Furthermore, the bill amends Section 7-7-4428 of the Montana Code Annotated (MCA) to allow local option sales tax revenue to be used alongside property and resort tax revenue for bond issuance, thereby enhancing financial resources for municipal projects. It details the covenants that can be included in bond issuance resolutions, covering aspects such as the purpose of bond proceeds and revenue management. The legislation also includes codification instructions, a saving clause to protect existing rights and duties, and specifies that the act will take effect upon passage and approval, ensuring a smooth integration into current law.

Statutes affected:
Introduced: 7-7-4424, 7-7-4428