HB 440 aimed to provide tax incentives for the sale of food produced in Montana. The bill proposed allowing both individuals and corporations to subtract income earned from selling Montana-produced food when calculating their state income taxes. This mechanism was intended to reduce the tax burden on those involved in the sale of local food products. The bill sought to amend current statutes governing individual and corporate income tax adjustments.
HB 878 proposes to increase the funding available for housing loans for low-income and moderate-income individuals in Montana. It authorizes the Board of Housing to administer an additional $50 million, raising its total from $65 million to $115 million, from the permanent coal tax trust fund. These funds are specifically designated for providing loans to develop and preserve homes and apartments for eligible persons. The bill also outlines project requirements, such as loans being for multifamily rental housing projects and adhering to specific interest rate guidelines.
House Bill 649 proposes establishing a "Farm to Food Bank Grant Program" to be administered by the Department of Agriculture. This program would offer competitive grants to organizations, such as regional food hubs, to purchase Montana-grown food products directly from farmers and ranchers. These purchased items, including fruits, vegetables, and meats, would then be distributed to food pantries across the state. The goal is to provide fresh, local food to low-income consumers while creating a new market for Montana producers, with a preference for applicants serving rural and tribal communities. The bill appropriates $3 million to fund the program for the biennium beginning July 1, 2025.
HB 9 appropriates funds for cultural and aesthetic projects across Montana for the biennium ending June 30, 2027. It allocates $30,000 from the cultural and aesthetic projects trust fund to the Montana Historical Society for capitol complex artwork care. Additionally, it appropriates $953,500 from the same fund to the Montana Arts Council, which will award grants to numerous listed cultural and artistic organizations. Grant recipients are required to acknowledge that the funding originates from coal tax placed into Montana's Cultural and Aesthetic Projects Trust Fund. Any unspent grant money will revert to the trust fund after June 30, 2027.
HB 231 revises property tax laws by establishing reduced tax rates for certain class four residential and commercial properties. It provides a lower tax rate for qualifying owner-occupied principal residences and long-term rental properties, as well as for a portion of commercial property value. For principal residences, some owners will automatically qualify for the reduced rate for tax years 2025 and 2026 based on prior tax rebates or assistance programs. Beginning in tax year 2027, all owners seeking these reduced rates must apply to the department and meet specific eligibility criteria, such as demonstrating occupancy for a principal residence or rental periods for long-term rentals.
SB 326 revises Montana's MEDIA Act film tax credits, extending them through 2045 and increasing the aggregate credit limit. The bill provides additional tax credits for production companies that hire veterans and enrolled tribal members. It establishes a fee for unused allocated credits, with these funds directed to a new film industry workforce training account to support workforce development. These changes aim to expand job opportunities and encourage investment in Montana's media manufacturing sector.
SB 393 appropriates $6 million from the state's general fund for the biennium starting July 1, 2025, to reimburse expenditures related to felony criminal jurisdiction on the Flathead Indian Reservation. The funding is distributed to Lake County and the Confederated Salish and Kootenai Tribes. Initial funds are contingent upon Lake County rescinding its resolution to withdraw from Public Law 280. Further distributions require an agreement between the state, Lake County, and the Tribes addressing cost-sharing for Public Law 280 implementation within Lake County, and Lake County's ability to withdraw consent for jurisdiction is restricted until at least June 2027.
HB 880 establishes the Medicaid Stabilization Reserve Account, a state special revenue fund designed to help maintain Medicaid benefits during state revenue shortfalls. The account would be primarily funded by transferring any unused state general fund appropriations for Medicaid at the end of a fiscal year. Funds from this account could only be appropriated by the legislature for state Medicaid matching funds after the budget director certifies a projected general fund deficit. This mechanism aims to mitigate expenditure reductions in the Medicaid program, directly affecting the stability of services for beneficiaries. The bill also includes an initial appropriation of $50,000 for state Medicaid matching funds.
SB 133 revises the laws governing impact fees that local governments charge on new development. The bill removes the ability for governmental entities to include an administrative fee within impact charges and limits impact fee increases to the rate of inflation. It also updates definitions related to these fees and details the required documentation for their calculation, such as a service area report.
House Bill 411 (HB 411) exempts agricultural property from local property tax levies that are used to fund open space initiatives. This means that owners of land classified as agricultural will no longer be required to pay the portion of their property taxes designated for open space purposes. The bill also allows counties to reduce any open space payments made to agricultural properties that are now exempt from these levies. This change applies retroactively to property tax years beginning on or after January 1, 2025.