MT HB785

Amends Section 15-1-116, MCA to create an alternate process for manufactured homes built prior to October 1, 2005 with missing or removed factory-installed identification tags to be classified as improvements to real property for tax purposes

Alternate process requires: removal of running gear, attachment to permanent foundation, placement on owned/purchased land (or with landowner permission), and recording a statement of intent with the county clerk

Statement of intent under the alternate process must be on a Department of Revenue form and include documentation showing the manufactured home has been taxed as real property for a minimum of 1 year

Manufactured homes declared as improvements to real property must be treated by the department and lending institutions the same as any other residence classified as an improvement to real property

Effective immediately upon passage and approval