MT SB434

Provides a property tax rebate of up to $400 for tax year 2024 for Montana homeowners who owned and occupied their principal residence for at least 7 months of the year

Eligible properties include single-family dwellings, multi-unit dwelling units, trailers, manufactured homes, and mobile homes with up to 1 acre of surrounding land

Claims must be submitted electronically between August 15, 2025 and October 1, 2025, or by mail postmarked by October 1, 2025; the department will mail notices to potential claimants by June 30, 2025

Filing a false or fraudulent claim subjects the claimant to criminal prosecution and a penalty of 300% of the rebate claimed plus 12% annual interest

The rebate is excluded from Montana individual income tax, and the act terminates June 30, 2026