This bill mandates that voted levies be expressed in dollar amounts instead of mills, thereby simplifying the understanding of tax implications for voters. It amends sections 15-10-420 and 15-10-425 of the Montana Code Annotated (MCA) to allow for this change and to clarify the procedures for calculating and imposing levies. Specifically, it introduces provisions that allow governmental entities to apply the calculated levy to all property, including newly taxable property, and outlines the definitions and conditions under which newly taxable property is recognized. Additionally, the bill allows for the possibility of carrying forward unused mill authority to subsequent tax years.

Furthermore, the bill repeals section 7-6-4431 of the MCA, which previously authorized exceeding or imposing less than the maximum mill levy with an election requirement. The amendments also include new language that specifies the requirements for the election process, including the need for resolutions or petitions to detail the specific purpose and amount of the levy, as well as the impact on property taxes for various home values. Overall, the bill aims to enhance transparency and voter understanding regarding property tax levies in Montana.

Statutes affected:
LC Text: 15-10-420, 15-10-425