Loading chat...

MT HB903

Bill

Official Source

Status

Failed

5/20/2025

Primary Sponsor

Lukas Schubert

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Creates a new "class nineteen" property tax classification for land and improvements used for manufacturing in Montana
  • Defines manufacturing as mechanical, physical, or chemical transformation of materials into new products, or assembling component parts for purposes other than construction
  • Sets the taxable rate at 1.47% of market value for class nineteen manufacturing property
  • Excludes property already classified as class eight property under existing statute 15-6-138
  • Applies to property tax years beginning on or after January 1, 2026

Legislative Description

Provide for class of property for manufacturing for property tax purposes

Revenue, State

Last Action

(H) Died in Process

5/20/2025

Committee Referrals

Taxation3/28/2025

Full Bill Text

No bill text available