Senate Bill No. introduced by M. Regier revises property tax laws in Montana, specifically amending Section 15-10-420 of the Montana Code Annotated (MCA). The bill stipulates that the authority to carry forward mills does not apply to certain state mills, specifically those imposed under sections 20-9-331, 20-9-333, 20-9-360, or 20-25-439. This change is intended to clarify the limitations on mill levies that governmental entities can impose, ensuring that any carry-forward authority is restricted for these specific state mills. Additionally, the bill includes a transition provision stating that carry forward mills calculated and imposed for the specified sections prior to January 1, 2025, may not be applied to tax years beginning after December 31, 2024.

The bill also establishes an immediate effective date upon passage and approval, along with a retroactive applicability date for property tax years beginning after December 31, 2024. This means that the changes will take effect immediately but will also apply to past tax years, ensuring that the new regulations are enforced moving forward. Overall, the bill aims to streamline property tax calculations and clarify the rules surrounding mill levies for governmental entities in Montana.

Statutes affected:
LC Text: 15-10-420
SB0351_1(1): 15-10-420
SB0351_1(2): 15-10-420
SB0351_1(3): 15-10-420
SB0351_1(4): 15-10-420
SB0351_1: 15-10-420