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MT SB54

Bill

Status

Passed

2/27/2025

Primary Sponsor

Wylie Galt

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Lowers the threshold for mandatory electronic funds transfer tax payments from $500,000 to $50,000
  • Requires the Department of Revenue to adopt rules specifying acceptable electronic payment forms and methods
  • Requires the department to provide rules for alternative payment methods when electronic payments are unavailable to a taxpayer
  • Applies to tax payments made after December 31, 2025

Legislative Description

Require certain tax payments to be made electronically

Rule Making

Last Action

(S) Signed by Governor

2/27/2025

Committee Referrals

Taxation1/29/2025
Taxation1/14/2025

Full Bill Text

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