MT HB25

Tax-exempt entities (government agencies, schools, churches, nonprofits) that lease property to non-exempt entities or for non-exempt uses must report annually to the Department of Revenue, including a property description and copy of the lease agreement

Property owned by exempt entities but leased for beneficial use by non-exempt entities becomes subject to taxation under Montana property tax law

Failure to properly report beneficial use of leased property triggers revised assessment provisions under section 15-8-601, allowing the department to reassess and collect taxes

Amends section 15-6-201 MCA to add a cross-reference clarifying that certain government property exemptions are subject to the new beneficial use reporting requirements