This bill proposes revisions to the resort tax laws in Montana, specifically allowing the additional 1% resort tax to be utilized for workforce housing. Key definitions are introduced, including "workforce housing," which refers to rental housing where at least 20% of the units are rent-restricted, defined as housing for tenants with a gross household income between 60% and 120% of the area median income, with rent capped at 35% of their gross income. The bill also updates the population limit for resort areas from 2,500 to 3,500 and clarifies the definitions of resort communities and districts.

Additionally, the bill amends several sections of the Montana Code Annotated (MCA) to reflect these changes, including provisions for the use of resort tax revenue for infrastructure or workforce housing. It specifies that the additional tax levy must be approved by a majority of qualified electors and outlines the procedures for presenting the tax question to voters. The amendments also include provisions for the board of directors of a resort area district to submit questions regarding the additional tax levy for infrastructure or workforce housing to the electorate, ensuring that the revenue generated is appropriately allocated.

Statutes affected:
LC Text: 7-6-1501, 7-6-1503, 7-6-1504, 7-6-1541, 7-6-1542