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MT SB550
Bill
AI Summary
- Expands Class Five property tax classification to include telecommunications providers that furnish services in or own property in no more than three counties, regardless of whether they serve rural areas
- Class Five property is taxed at 3% of market value, providing a lower tax rate for qualifying telecommunications companies
- Amends Section 15-6-135, MCA, which governs property used by cooperative rural electrical and telephone associations, research and development firms, pollution control equipment, and ethanol production facilities
- Effective immediately upon passage and applies retroactively to property tax years beginning after December 31, 2024
Legislative Description
Revise taxation of of certain telecommunications property
Revenue, State
Last Action
Chapter Number Assigned
5/16/2025
Committee Referrals
Taxation4/7/2025
Taxation3/26/2025
Full Bill Text
No bill text available