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 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 election process to impose or amend resort taxes. It specifies that the revenue from the additional tax may be allocated for infrastructure or workforce housing, and outlines the necessary procedures for notifying the electorate about the tax and its intended uses. The amendments aim to enhance the ability of resort areas to address housing needs while maintaining the integrity of the resort tax system.

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