MT HB451

Excludes school district levies imposed under 20-9-502(3) and voter-approved school levies under 20-9-502(4) or (5)(B) from tax increment calculations for newly created urban renewal areas and targeted economic development districts

Excludes mills levied to pay debt service on voted general obligation bonds from tax increment calculations for districts created after the effective date

New exclusions apply only to urban renewal areas and targeted economic development districts created on or after the act's effective date

Existing districts created before the effective date retain current tax increment calculation rules, though new voter-approved school levies after the effective date would be excluded

Takes effect immediately upon passage and approval