The bill revises the Disabled Veteran Property Tax Assistance Program in Montana, specifically increasing the eligibility criteria for assistance from veterans rated 60% disabled to those rated between 80% and 90% disabled. It amends sections 15-6-301 and 15-6-311 of the Montana Code Annotated (MCA) to reflect these changes. The definitions of "qualified veteran" and "qualifying income" are updated to align with the new disability rating thresholds, ensuring that veterans who are rated 80% or higher can access property tax assistance.

Additionally, the bill modifies the income percentage multipliers used to determine property tax reductions for both qualified veterans and their surviving spouses. The new multipliers provide varying levels of tax relief based on income brackets, with specific adjustments for those rated 80% to 90% disabled. The bill also stipulates that the qualifying income levels will be adjusted annually based on the PCE inflation factor. 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