MT HB874

Extends Montana's property tax rebate program to residential properties owned by entities (such as trusts or LLCs) that did not receive rebates under the original 2023 program, covering tax years 2022 and 2023

Rebate amount is $500 per tax year or the total property taxes paid, whichever is less, for qualifying principal residences on up to 1 acre of land

Entity-owned properties must submit claims electronically or by paper form by October 1, 2025, with the Department of Revenue required to mail notices to potential claimants by June 30, 2025

Taxpayers who already received a rebate under the original program are ineligible for this expanded rebate

Extends the termination date of the property tax rebate program from June 30, 2025 to June 30, 2026, with immediate effective date upon passage