MT HB924

Creates the Montana Growth and Opportunity Trust, funded by annual transfers of 35% of "volatile revenue" (capital gains taxes, partnership income taxes, and certain treasury interest) from FY2027-2035, decreasing to 20% thereafter, with half allocated to distribution accounts and half to reinvestment for pensions and housing

Establishes property tax assistance for certified primary residences (owner-occupied homes valued at $1 million or less) distributed through counties as credits on tax bills, funded by up to $20 million annually from the trust's interest earnings

Creates four new state special revenue accounts funded by trust interest: State Property Tax Assistance (40%, up to $20M/year), Montana Water Development (20%, up to $10M/year), Better Local Bridge (20%, up to $10M/year), and Montana Early Childhood (20%, up to $10M/year)

Establishes a pension fund within the trust receiving 80% of reinvestment allocations (capped at $1 billion) to support Teachers' and Public Employees' Retirement Systems, and increases employer supplemental contribution rates by 0.1% annually from FY2028 through FY2047

Transfers $250 million to the pension fund and $174 million to the trust from the general fund in FY2025, moves housing loan programs from the Coal Tax Trust to a new Montana Housing Trust (receiving 20% of reinvestment allocations, capped at $500 million), and allows volatile revenue transfers to be reduced up to 50% if general fund reserves fall below operating thresholds