House Bill No. [insert bill number] proposes a property tax rebate for taxpayers on their principal residences based on the amount of property taxes paid. For the tax year 2024, eligible taxpayers can receive a rebate of up to $330 for property taxes assessed on their principal residence. The bill amends several sections of the Montana Code Annotated (MCA), including definitions related to property taxes and the process for claiming rebates. Notably, it updates the tax year references from 2022 and 2023 to 2024, ensuring that the rebate applies to the most current tax year.

Additionally, the bill stipulates that the department of revenue will mail notices to potential claimants by June 30, 2025, for the 2024 tax year. It also includes provisions for the appropriation of funds for the rebate, allowing for the use of interest earnings from the capital developments long-range building program account to support the property tax rebates. The act is set to take effect immediately upon passage and approval, with a termination date extended to June 30, 2026.

Statutes affected:
LC Text: 15-1-2301, 15-1-2302, 15-1-2304, 17-7-209
HB0906_1(1): 15-1-2301, 15-1-2302, 15-1-2304, 17-7-209
HB0906_1(2): 15-1-2301, 15-1-2302, 15-1-2304, 17-7-209
HB0906_1: 15-1-2301, 15-1-2302, 15-1-2304, 17-7-209