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MT SB99
Bill
AI Summary
- Rental income from leasing agricultural property (classified under 15-6-133(1)(a) or (1)(c)) by tax-exempt organizations would be classified as unrelated business income subject to Montana corporate income tax
- Removes the previous provision that treated income from lodging accommodations (subject to lodging facility use tax or sales tax) as unrelated business income
- Amends MCA sections 15-30-3404 and 15-31-102 regarding partnership federal adjustment reporting and tax-exempt organization income
- Applies to income tax years beginning after December 31, 2025
- Introduced by Senator B. Beard in the 69th Montana Legislature (2025)
Legislative Description
Revise unrelated business taxable income to include certain rental and accommodations income
Taxation--Corporations
Last Action
(H) Died in Standing Committee
5/23/2025
Committee Referrals
Taxation2/3/2025
Local Government1/13/2025
Full Bill Text
No bill text available