The bill prohibits county treasurers from selling tax deeds for residential properties to foreign entities, which are defined as governments, political parties, or entities located outside the United States unless they meet specific criteria. The bill also introduces definitions for "domestic entity" and clarifies the requirements for entities participating in the auction process. Specifically, it mandates that entities must provide proof of their domestic status to participate in the bidding for tax deeds.

Additionally, the bill amends existing sections of the Montana Code Annotated (MCA) to incorporate these definitions and stipulations. It requires that the county treasurer publish notice of the auction, including the requirement for proof of domestic entity status, and outlines the procedures for the auction process, including deposit requirements and conditions for accepting bids. The effective date for this legislation is set for October 1, 2025.

Statutes affected:
LC Text: 15-17-121, 15-18-220
SB0306_1(1): 15-17-121, 15-18-220
SB0306_1(2): 15-17-121, 15-18-220
SB0306_1(3): 15-17-121, 15-18-220
SB0306_1(4): 15-17-121, 15-18-220
SB0306_1(5): 15-17-121, 15-18-220
SB0306_1: 15-17-121, 15-18-220
SB0306_2(1): 15-17-121, 15-18-220
SB0306_2(10): 15-17-121, 15-18-220
SB0306_2(11): 15-17-121, 15-18-220
SB0306_2(2): 15-17-121, 15-18-220
SB0306_2(3): 15-17-121, 15-18-220
SB0306_2(4): 15-17-121, 15-18-220
SB0306_2(5): 15-17-121, 15-18-220
SB0306_2(6): 15-17-121, 15-18-220
SB0306_2(7): 15-17-121, 15-18-220
SB0306_2(8): 15-17-121, 15-18-220
SB0306_2(9): 15-17-121, 15-18-220
SB0306_2: 15-17-121, 15-18-220
SB0306_X(1): 15-17-121, 15-18-220
SB0306_X(10): 15-17-121, 15-18-220
SB0306_X(11): 15-17-121, 15-18-220
SB0306_X(12): 15-17-121, 15-18-220
SB0306_X(13): 15-17-121, 15-18-220
SB0306_X(2): 15-17-121, 15-18-220
SB0306_X(3): 15-17-121, 15-18-220
SB0306_X(4): 15-17-121, 15-18-220
SB0306_X(5): 15-17-121, 15-18-220
SB0306_X(6): 15-17-121, 15-18-220
SB0306_X(7): 15-17-121, 15-18-220
SB0306_X(8): 15-17-121, 15-18-220
SB0306_X(9): 15-17-121, 15-18-220
SB0306_X: 15-17-121, 15-18-220