MT SB237

Revenue Interim Committee must recommend to the legislature whether to revise property tax rates based on the Department of Revenue's taxable value neutrality report

Department of Revenue must provide the committee with a report during the second year of each reappraisal cycle showing tax rates that would result in taxable value neutrality for each property class

Committee may evaluate the impact of tax rates on property taxes, maximum levies authorized under 15-10-420, and voter-approved levies under 15-10-425

Amends sections 5-5-227 and 15-7-111 of the Montana Code Annotated to codify these requirements