MT SB169

Amends Montana Code 15-6-218 to remove the property tax exemption for intangible personal property (stocks, bonds, promissory notes, licenses, copyrights, patents, trademarks, contracts, software, franchises) when that property is integral to the operation of a business or centrally assessed utility

Eliminates the existing provision requiring intangible property value to be removed from centrally assessed property unit values

Maintains the tax exemption only for intangible personal property that is not integral to business operations or centrally assessed property

Effective January 1, 2026, applying to tax years beginning after December 31, 2025