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. The definitions of "qualified veteran" and "qualifying income" are updated to accommodate the new rating criteria, ensuring that veterans rated at 80% or higher can receive the same benefits previously reserved for those rated at 100%.

Additionally, the bill modifies the income percentage multipliers for property tax reductions based on the veteran's disability rating and income levels. For instance, the income brackets and corresponding percentage multipliers for both disabled veterans and surviving spouses are adjusted to provide varying levels of tax relief based on their qualifying income. 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(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