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 80% disabled or higher, and modifies the income percentage multipliers for tax reductions based on the veteran's disability rating and income levels.

Furthermore, the bill establishes new income brackets and corresponding percentage multipliers for both qualified veterans and their surviving spouses, ensuring that property tax reductions are appropriately adjusted based on their qualifying income. The qualifying income levels will be adjusted annually using the implicit price deflator for personal consumption expenditures. 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