House Bill No. [insert bill number] aims to provide property tax assistance for primary residences funded through lodging tax revenue. The bill includes several amendments to existing laws, specifically targeting the distribution of tax proceeds from lodging taxes. Notably, it amends Section 15-68-820 to change the allocation of revenue collected from accommodations and campgrounds, with 75% directed to the general fund, 14% to a state property tax assistance account, and 6% for the operation and maintenance of the Montana heritage center. Additionally, it establishes a new appropriation of $50,000 from the general fund for the Department of Revenue to implement the provisions of the bill.

The bill also modifies the existing accounts related to the Montana heritage center and historic preservation grants. It specifies that tax collections previously allocated to the Montana heritage center construction account will continue until December 31, 2024, after which the funds will be redirected according to the new allocations. Furthermore, the bill includes a coordination instruction stating that if Senate Bill No. 90 is not passed, the provisions of this act will be void. The effective date for the bill is set for July 1, 2025, and it will apply to sales of accommodations or campgrounds occurring on or after that date.

Statutes affected:
LC Text: 15-65-121, 15-68-820, 22-3-1303, 22-3-1304, 22-3-1307
HB0916_1(1): 15-65-121, 15-68-820, 22-3-1303, 22-3-1304, 22-3-1307
HB0916_1(2): 15-65-121, 15-68-820, 22-3-1303, 22-3-1304, 22-3-1307
HB0916_1: 15-65-121, 15-68-820, 22-3-1303, 22-3-1304, 22-3-1307