The bill revises the classification and taxation of properties designated as Class Seventeen, specifically focusing on data center properties. Key changes include extending the construction timeframe for data centers and modifying ownership requirements to permit a single ownership entity to encompass wholly owned subsidiaries or parent companies. Additionally, it mandates that school equalization mills must be paid on Class Seventeen properties located within districts that utilize tax increment financing. The bill also sets forth requirements for the sale of power produced by data centers, ensuring that the sale price does not exceed the cost of production, which includes various operational costs but excludes corporate administrative expenses.

Furthermore, the bill amends several sections of the Montana Code Annotated (MCA) to clarify definitions and tax implications for qualified data centers and their infrastructure. It specifies that electrical generation systems used primarily onsite will be taxed at certain rates for a defined period before being classified as Class Thirteen property. The bill includes provisions for retroactive applicability to property tax years beginning after December 31, 2024, and establishes an immediate effective date upon passage, ensuring that the changes are implemented promptly and apply to relevant past transactions.

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