MT HB18

Redirects 20.75% of bentonite production tax revenue from the state general fund to the school equalization and property tax reduction account established in 20-9-336

Redirects 50% of certain federal land payment funds (currently going to state general fund) to the school equalization and property tax reduction account for elementary BASE funding programs

Requires surplus revenue from the 33-mill elementary equalization levy and 22-mill high school equalization levy to be deposited in the school equalization and property tax reduction account instead of the state general fund

Removes oil and natural gas production taxes from the list of revenue sources used for county equalization of elementary and high school BASE funding programs

Effective July 1, 2025