Revise taxation of class 17 property

Extended the construction start date for eligible dedicated communications infrastructure from June 30, 2027, to June 30, 2037.

Added a mandate for entities claiming tax exemptions to maintain adequate records.

Clarified that fiber optic or coaxial cable funded by the American Rescue Plan Act is not eligible for tax exemption.

The deadline for construction commencement to qualify for the tax exemption was changed from June 30, 2027, to June 30, 2037, extending the window for eligible projects.

New property types, specifically 'qualified data centers' and 'local dedicated communications infrastructure,' were added to the list of assets eligible for Class 17 property taxation and local assessment exemptions.

The bill's title and introductory text were updated to formally define the new infrastructure categories and clarify that the legislation amends specific sections of the Montana Code Annotated.

The bill number was updated from SB 540.1 to SB0540.2, and the header formatting was adjusted to reflect the new version.

Added the names of the primary sponsors (B. Beard and S. Vinton) to the bill header.

Changed the bill number from LC 0982 to SB 540 in the header and page footers.

Added the text 'Authorized Print Version' to the page footers to indicate the official status of the document.