MT SB287

Creates the Montana Growth and Opportunity Trust funded by annual transfers of "volatile revenues" (capital gains taxes, partnership income taxes, and treasury interest earnings above a baseline), with half going to a distribution portion and half to reinvestment for pensions and housing

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

Creates a property tax assistance program for certified "primary residences" valued at $1 million or less where owners lived at least 7 months of the year, distributed as credits on property tax bills through county treasurers

Establishes a Pension Fund within the trust to receive 80% of reinvestment transfers until reaching $1 billion, with authority to transfer up to 25% of the balance to Teachers' or Public Employees' Retirement Systems when investment returns fall below actuarial assumptions for 2 consecutive years

Transfers $115 million in housing loan programs from the permanent coal tax trust fund to a new Montana Housing Trust, and makes initial fund transfers totaling approximately $534 million from the general fund in FY2025 to seed the various accounts