The bill amends existing laws regarding the payment of taxes by electronic funds transfer in Montana. Specifically, it lowers the threshold for mandatory electronic payment from $500,000 to $50,000. Additionally, it clarifies that if a tax payment due date falls on a Saturday, Sunday, or legal holiday, the payment can be made on the first business day after that day.

Furthermore, the bill expands the rulemaking authority of the Department of Revenue by requiring it to adopt rules that include specifying acceptable forms and methods of electronic payments, ensuring proper receipt and crediting of tax payments, and providing alternative payment options when electronic payments are unavailable. The changes will apply to taxes paid by electronic funds transfers after December 31, 2025.

Statutes affected:
LC Text: 15-1-802, 15-1-803
SB0054_1(1): 15-1-802, 15-1-803
SB0054_1(2): 15-1-802, 15-1-803
SB0054_1(3): 15-1-802, 15-1-803
SB0054_1(4): 15-1-802, 15-1-803
SB0054_1(5): 15-1-802, 15-1-803
SB0054_1(6): 15-1-802, 15-1-803
SB0054_1: 15-1-802, 15-1-803
SB0054_2(1): 15-1-802, 15-1-803
SB0054_2(2): 15-1-802, 15-1-803
SB0054_2(3): 15-1-802, 15-1-803
SB0054_2(4): 15-1-802, 15-1-803
SB0054_2(5): 15-1-802, 15-1-803
SB0054_2(6): 15-1-802, 15-1-803
SB0054_2: 15-1-802, 15-1-803
SB0054_X(1): 15-1-802, 15-1-803
SB0054_X(2): 15-1-802, 15-1-803
SB0054_X(3): 15-1-802, 15-1-803
SB0054_X(4): 15-1-802, 15-1-803
SB0054_X(5): 15-1-802, 15-1-803
SB0054_X(6): 15-1-802, 15-1-803
SB0054_X(7): 15-1-802, 15-1-803
SB0054_X(8): 15-1-802, 15-1-803
SB0054_X: 15-1-802, 15-1-803