Senate Bill No. [number] aims to revise the Disabled Veteran Property Tax Assistance Program in Montana by expanding eligibility to include disabled veterans rated between 60% to 90% disabled. The bill amends Sections 15-6-301 and 15-6-311 of the Montana Code Annotated (MCA) to redefine "qualified veteran" to include those rated 60% disabled or higher, as well as to adjust the property tax assistance program to provide tax rate reductions based on the qualifying income of these veterans. The bill also establishes new income percentage multipliers for tax reductions based on the veteran's disability rating and income levels.

Additionally, the bill specifies that the property tax exemption remains effective as long as the qualifying income requirements are met and the property is the primary residence of the veteran or their surviving spouse. The qualifying income levels will be adjusted annually based on the PCE inflation factor. The act is set to take effect upon passage and approval, with applicability for property tax years beginning after December 31, 2025.

Statutes affected:
LC Text: 15-6-301, 15-6-311
SB0274_1(1): 15-6-301, 15-6-311
SB0274_1(2): 15-6-301, 15-6-311
SB0274_1(3): 15-6-301, 15-6-311
SB0274_1: 15-6-301, 15-6-311