House Bill No. [insert number] revises the classification and taxation of data center properties designated as Class Seventeen. Key changes include extending the construction timeframe for these properties and modifying ownership requirements to allow a single ownership entity to encompass wholly owned subsidiaries or parent companies. The bill also mandates that school equalization mills be paid on Class Seventeen properties located in districts that utilize tax increment financing. Additionally, it sets forth requirements for the sale of power produced by data centers, ensuring that the sale price does not exceed the cost of production, while excluding corporate administration and travel expenses from this calculation.

The bill amends several sections of the Montana Code Annotated (MCA), specifically sections 7-15-4286, 15-6-156, and 15-6-162, to clarify definitions and tax implications for qualified data centers and their infrastructure. It establishes a reduced tax rate for electrical generation systems used primarily onsite for a period of ten years, after which they revert to a higher tax classification. The bill also includes provisions for retroactive applicability to property tax years beginning after December 31, 2024, and establishes an immediate effective date upon passage and approval.

Statutes affected:
LC Text: 15-6-156, 15-6-162
HB0424_1(1): 15-6-156, 15-6-162
HB0424_1(2): 15-6-156, 15-6-162
HB0424_1(3): 15-6-156, 15-6-162
HB0424_1(4): 15-6-156, 15-6-162
HB0424_1(5): 15-6-156, 15-6-162
HB0424_1: 15-6-156, 15-6-162
HB0424_2(1): 15-6-156, 15-6-162
HB0424_2(10): 15-6-156, 15-6-162
HB0424_2(11): 15-6-156, 15-6-162
HB0424_2(12): 15-6-156, 15-6-162
HB0424_2(13): 15-6-156, 15-6-162
HB0424_2(14): 15-6-156, 15-6-162
HB0424_2(15): 15-6-156, 15-6-162
HB0424_2(16): 15-6-156, 15-6-162
HB0424_2(2): 15-6-156, 15-6-162
HB0424_2(3): 15-6-156, 15-6-162
HB0424_2(4): 15-6-156, 15-6-162
HB0424_2(5): 15-6-156, 15-6-162
HB0424_2(6): 15-6-156, 15-6-162
HB0424_2(7): 15-6-156, 15-6-162
HB0424_2(8): 15-6-156, 15-6-162
HB0424_2(9): 15-6-156, 15-6-162
HB0424_2: 15-6-156, 15-6-162
HB0424_3(1): 15-6-156, 15-6-162
HB0424_3(10): 15-6-156, 15-6-162
HB0424_3(11): 15-6-156, 15-6-162
HB0424_3(12): 15-6-156, 15-6-162
HB0424_3(13): 15-6-156, 15-6-162
HB0424_3(14): 15-6-156, 15-6-162
HB0424_3(15): 15-6-156, 15-6-162
HB0424_3(16): 15-6-156, 15-6-162
HB0424_3(17): 15-6-156, 15-6-162
HB0424_3(18): 15-6-156, 15-6-162
HB0424_3(19): 15-6-156, 15-6-162
HB0424_3(2): 15-6-156, 15-6-162
HB0424_3(20): 15-6-156, 15-6-162
HB0424_3(21): 15-6-156, 15-6-162
HB0424_3(22): 15-6-156, 15-6-162
HB0424_3(23): 15-6-156, 15-6-162
HB0424_3(3): 15-6-156, 15-6-162
HB0424_3(4): 15-6-156, 15-6-162
HB0424_3(5): 15-6-156, 15-6-162
HB0424_3(6): 15-6-156, 15-6-162
HB0424_3(7): 15-6-156, 15-6-162
HB0424_3(8): 15-6-156, 15-6-162
HB0424_3(9): 15-6-156, 15-6-162
HB0424_3: 15-6-156, 15-6-162
HB0424_X(1): 7-15-4286, 15-6-156, 15-6-162
HB0424_X(10): 7-15-4286, 15-6-156, 15-6-162
HB0424_X(11): 7-15-4286, 15-6-156, 15-6-162
HB0424_X(12): 7-15-4286, 15-6-156, 15-6-162
HB0424_X(13): 7-15-4286, 15-6-156, 15-6-162
HB0424_X(14): 7-15-4286, 15-6-156, 15-6-162
HB0424_X(15): 7-15-4286, 15-6-156, 15-6-162
HB0424_X(16): 7-15-4286, 15-6-156, 15-6-162
HB0424_X(17): 7-15-4286, 15-6-156, 15-6-162
HB0424_X(2): 7-15-4286, 15-6-156, 15-6-162
HB0424_X(3): 7-15-4286, 15-6-156, 15-6-162
HB0424_X(4): 7-15-4286, 15-6-156, 15-6-162
HB0424_X(5): 7-15-4286, 15-6-156, 15-6-162
HB0424_X(6): 7-15-4286, 15-6-156, 15-6-162
HB0424_X(7): 7-15-4286, 15-6-156, 15-6-162
HB0424_X(8): 7-15-4286, 15-6-156, 15-6-162
HB0424_X(9): 7-15-4286, 15-6-156, 15-6-162
HB0424_X: 7-15-4286, 15-6-156, 15-6-162