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MT SB512

Bill

Status

Failed

5/23/2025

Primary Sponsor

Mary Dunwell

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Requires the Montana Department of Revenue to publicly disclose on its website all settlement agreements regarding assessed values of centrally assessed property (utilities, railroads, airlines) and industrial property

  • Disclosed information must include both the department's original proposed valuation before settlement and the final valuation agreed to by the department and taxpayer

  • Extends the uniform dispute review procedure to apply to centrally assessed property tax assessments under chapter 23

  • Creates an exception to mediation confidentiality rules, requiring disclosure of the department's initial position and mediation results for centrally assessed and industrial property disputes

  • Applies to property tax years beginning after December 31, 2025

Legislative Description

Provide disclosure of certain corporate property tax settlements

Information Technology

Last Action

(S) Died in Process

5/23/2025

Committee Referrals

Taxation2/26/2025

Full Bill Text

No bill text available