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 also outlines eligibility requirements, including that the property must be owned and occupied as a principal residence. The bill extends the statutory appropriation for the payment of these rebates and modifies the notice requirements for potential claimants, allowing the Department of Revenue to mail notices by June 30, 2025.

Additionally, the bill clarifies that a single-family dwelling unit or similar properties owned by an entity, which did not receive a rebate prior to the effective date of this act, will now be eligible for a rebate. Claims for the rebate must be submitted electronically or by mail by October 1, 2025, and only one rebate will be issued per taxpayer for each tax year. The bill also includes provisions for offsetting rebates against any debts owed to the state and extends the termination date of the act to June 30, 2026.

Statutes affected:
LC Text: 15-1-2302
HB0874_1(1): 15-1-2302
HB0874_1(2): 15-1-2302
HB0874_1: 15-1-2302