The bill amends Section 7-6-4020 of the Montana Code Annotated to revise the requirements for local government preliminary budgets. It mandates that the preliminary annual operating budget must now include the property taxes levied on $100,000 of residential property value from all mills levied by the government entity in the prior budget year, as well as the estimated property taxes to be levied on the same property value in the current budget year. This change aims to provide greater transparency regarding tax implications for residents.

Additionally, the bill removes the previous requirement that if a government entity intends to increase property taxes, the preliminary budget must specify the amount of increase for homes valued at $100,000, $300,000, and $600,000. The new language focuses solely on the property tax amounts for $100,000 of residential property value, streamlining the information that local governments must present in their preliminary budgets.

Statutes affected:
LC Text: 7-6-4020
HB0037_1(1): 7-6-4020
HB0037_1(2): 7-6-4020
HB0037_1(3): 7-6-4020
HB0037_1(4): 7-6-4020
HB0037_1(5): 7-6-4020
HB0037_1(6): 7-6-4020
HB0037_1: 7-6-4020
HB0037_2: 7-6-4020
HB0037_X(1): 7-6-4020
HB0037_X(10): 7-6-4020
HB0037_X(11): 7-6-4020
HB0037_X(2): 7-6-4020
HB0037_X(3): 7-6-4020
HB0037_X(4): 7-6-4020
HB0037_X(5): 7-6-4020
HB0037_X(6): 7-6-4020
HB0037_X(7): 7-6-4020
HB0037_X(8): 7-6-4020
HB0037_X(9): 7-6-4020
HB0037_X: 7-6-4020