Senate Bill No. introduced by J. Fuller and E. Boldman aims to revise the Disabled Veteran Property Tax Assistance Program 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 structure based on qualifying income levels. The new definitions and income brackets will allow for a more inclusive approach to property tax assistance for disabled veterans and their surviving spouses.

The bill also establishes 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 spouse. Additionally, it mandates that qualifying income levels be adjusted annually based on the PCE inflation factor. The act will take effect upon passage and approval, with applicability to 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(4): 15-6-301, 15-6-311
SB0274_1(5): 15-6-301, 15-6-311
SB0274_1: 15-6-301, 15-6-311