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MT SB90
Bill
AI Summary
- Creates a state property tax assistance program for certified primary residences, funded by redirecting 65.4% of lodging tax revenue and 75% of rental car tax revenue to a new state property tax assistance account
- Requires property owners to apply to the Department of Revenue for primary residence certification by March 1, with eligibility requiring owner-occupancy for at least 7 months per year and property value under $1.5 million
- Distributes assistance annually by August 31 as a credit on property tax bills, with the per-residence amount calculated by dividing total fund revenue by the number of certified primary residences statewide
- Imposes criminal penalties under perjury statutes for false applications, with potential 10-year ban from the program and recovery of fraudulently obtained assistance
- Effective July 1, 2025, with first distributions to counties by August 31, 2026 for fiscal year 2026 collections
Legislative Description
Redistribute certain state tax revenue to primary residence property tax relief
Rule Making
Last Action
(S) Died in Process
5/23/2025
Committee Referrals
Taxation3/1/2025
Finance and Claims2/26/2025
Local Government1/14/2025
Full Bill Text
No bill text available