This bill aims to revise the distribution of surplus revenue by establishing a statutory appropriation and facilitating supplemental fund transfers for income tax and property tax rebates. Specifically, it introduces a supplemental fund transfer for an income tax rebate based on individual income taxes paid, as well as a supplemental property tax rebate. The bill also includes provisions for appropriations and transfers related to these rebates.

Additionally, the bill amends existing laws, specifically Section 17-7-502 of the Montana Code Annotated (MCA) and two sections from previous legislative sessions (Chapter 44 and Chapter 47 of 2023). It is designed to take effect immediately and includes specified termination dates for certain provisions.

Statutes affected:
Amended: 15-30-2303, 17-7-502, 19-2-303, 19-2-405, 19-2-409, 19-3-315, 19-3-316, 19-3-319, 19-3-1605, 19-3-2111, 19-3-2117, 19-21-214