MT HB844

Increases the Class 8 business equipment tax exemption from $1 million to $1.5 million of market value per person or business entity

Requires the exemption amount to be adjusted annually for inflation using the consumer price index, with no decrease allowed from the prior year

Exempts individual pieces of personal property with a cost of less than $250 from property taxation entirely

Requires state reimbursement to local governments, tax increment financing districts, and the Montana University System 6-mill levy for lost revenue due to the increased exemption

Applies to tax years beginning after December 31, 2025