This bill revises the resort tax laws in Montana, specifically allowing for the additional 1% resort tax to be utilized for workforce housing. It introduces new definitions, 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 being 35% or less of that income. The bill also updates the definition of a "resort area" by increasing the population limit from 2,500 to 3,500 and clarifies the criteria for what constitutes a resort community.

Additionally, the bill amends several sections of the Montana Code Annotated (MCA) to reflect these changes, including provisions for the imposition of the resort tax and the use of its revenue. It specifies that the revenue from the additional tax may be allocated for infrastructure or workforce housing, and outlines the procedures for presenting the tax question to qualified electors. The amendments also include provisions for the board of directors of a resort area district to submit questions regarding the additional resort tax for infrastructure or workforce housing to the electorate, ensuring that the process for implementing these taxes is transparent and subject to voter approval.

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