House Bill No. introduced by J. Schillinger proposes property tax rebates for residential properties owned by entities for the tax years 2022 and 2023. The bill amends Section 15-1-2302 of the Montana Code Annotated (MCA) to establish a rebate of up to $500 or the total property taxes paid, whichever is less, for each of the specified tax years. It outlines eligibility requirements, including that the property must be owned and occupied as a principal residence. The bill also includes provisions for the department to notify potential claimants and establishes a deadline for claims to be submitted electronically or by mail.

Significant amendments include the extension of the statutory appropriation for the payment of property tax rebates and the adjustment of eligibility criteria for certain residential properties owned by entities. Specifically, the bill allows for a rebate for single-family dwelling units and similar properties owned by entities, provided they meet specific conditions. Additionally, the bill clarifies that only one rebate will be issued per taxpayer for each tax year and establishes a new deadline for claims to be submitted by October 1, 2025. The act is set to take effect immediately upon passage and approval.

Statutes affected:
LC Text: 15-1-2302
HB0874_1(1): 15-1-2302
HB0874_1: 15-1-2302