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MT HB892

Bill

Official Source

Status

Failed

5/20/2025

Primary Sponsor

Jane Gillette

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Transfers $10 million annually from insurance premium tax revenue (collected under 33-2-705) to the state property tax assistance account at the end of each fiscal year
  • Appropriates $50,000 from the general fund to the Department of Revenue for the biennium beginning July 1, 2025, to implement Senate Bill No. 90's provisions
  • Contingent on passage of Senate Bill No. 90; if SB 90 is not passed and approved, HB 892 is void
  • Effective immediately upon passage and approval

Legislative Description

Revise allocation of the insurance premium tax to fund property tax relief

Appropriations

Last Action

(H) Died in Process

5/20/2025

Committee Referrals

Taxation3/27/2025

Full Bill Text

No bill text available