The bill revises the Disabled Veteran Property Tax Assistance Program in Montana, specifically expanding eligibility for property tax assistance to disabled veterans rated between 80% and 90% disabled, as opposed to the previous threshold of 60%. It amends sections 15-6-301 and 15-6-311 of the Montana Code Annotated (MCA) to reflect these changes. Additionally, the bill updates the definition of a "qualified veteran" to include those rated at 80% disabled or higher, and modifies the income percentage multipliers for tax reductions based on the veteran's disability rating.

Furthermore, the bill establishes new income brackets and corresponding percentage multipliers for tax reductions for both qualified veterans and their surviving spouses. For instance, the income thresholds for a single person or married couple are adjusted to provide varying levels of tax relief based on the veteran's disability rating. The bill also stipulates that the property tax exemption remains effective as long as qualifying income requirements are met and the property is the primary residence of the veteran or their spouse. The act is set to take effect immediately upon passage and will apply to property tax years beginning after December 31, 2025.

Statutes affected:
LC Text: 15-6-301, 15-6-311
SB0424_1(1): 15-6-301, 15-6-311
SB0424_1(2): 15-6-301, 15-6-311
SB0424_1(3): 15-6-301, 15-6-311
SB0424_1(4): 15-6-301, 15-6-311
SB0424_1(5): 15-6-301, 15-6-311
SB0424_1(6): 15-6-301, 15-6-311
SB0424_1(7): 15-6-301, 15-6-311
SB0424_1: 15-6-301, 15-6-311
SB0424_2(1): 15-6-301, 15-6-311
SB0424_2(2): 15-6-301, 15-6-311
SB0424_2(3): 15-6-301, 15-6-311
SB0424_2(4): 15-6-301, 15-6-311
SB0424_2: 15-6-301, 15-6-311
SB0424_X(1): 15-6-301, 15-6-311
SB0424_X(10): 15-6-301, 15-6-311
SB0424_X(11): 15-6-301, 15-6-311
SB0424_X(2): 15-6-301, 15-6-311
SB0424_X(3): 15-6-301, 15-6-311
SB0424_X(4): 15-6-301, 15-6-311
SB0424_X(5): 15-6-301, 15-6-311
SB0424_X(6): 15-6-301, 15-6-311
SB0424_X(7): 15-6-301, 15-6-311
SB0424_X(8): 15-6-301, 15-6-311
SB0424_X(9): 15-6-301, 15-6-311
SB0424_X: 15-6-301, 15-6-311