SB 542 generally revises property tax laws, affecting various property owners. The bill freezes property values for tax years 2025 and 2026 at their 2024 levels, unless a decrease is determined by the Department of Revenue. It provides a property tax rebate of up to $400 for principal residences based on 2024 property taxes paid, which taxpayers must claim between August 15 and October 1, 2025. Additionally, the legislation reduces tax rates for Class Three agricultural property and revises rates for Class Four residential and commercial properties, including lower rates for owner-occupied homes, long-term rentals, and a portion of commercial property value.
HB 6 implements the Renewable Resource Grant and Loan Program by appropriating funds to the Department of Natural Resources and Conservation (DNRC). The bill allocates specific amounts for various grant types, including emergency projects, planning, irrigation development, private projects, and nonpoint source pollution reduction. Additionally, it appropriates $5.25 million for prioritized infrastructure grant projects to specific cities, towns, and water districts for improvements to wastewater systems, drinking water infrastructure, and stormwater control. Funds for these prioritized projects are awarded in a specified order until available money is expended.
HB 85 reinstates former employer contribution rates for four specific public employee retirement systems: the Judges', Highway Patrol Officers', Sheriffs', and Game Wardens' and Peace Officers' Retirement Systems. This directly impacts the governmental entities that employ these personnel and contribute to their pensions. The bill also amends the state's property tax levy calculation procedures, outlining how local governments determine their maximum mill levies based on factors like prior year assessments and newly taxable property. It specifically exempts certain levies, such as those funding the sheriffs' retirement system, from these new
HB 55 revises the laws governing how public utilities plan for their customers' future energy needs. It requires public utilities to submit detailed resource plans every three years, including evaluations of renewable energy and demand-side management scenarios, and to hold more public meetings before submitting these plans. The bill establishes a special revenue account within the Department of Environmental Quality to fund an independent evaluator, paid for by fees charged to public utilities, who will assist in reviewing these plans. Additionally, the state commission can now engage independent consultants to evaluate utility plans, with these costs being recoverable in rates charged to customers.
HB 7 implements and funds the reclamation and development grants program, appropriating over $13.9 million from the natural resources projects state special revenue account. The bill allocates funds to the Department of Natural Resources and Conservation (DNRC) for grants beginning July 1, 2025. These grants support planning for reclamation and development projects, pilot water storage initiatives, and specific prioritized projects for political subdivisions and local governments. Grant recipients, which include various counties, cities, and state agencies, must meet conditions such as having an approved project scope, securing matching funds, and complying with auditing requirements.
SB 253 revises the administrative and certification processes for student scholarship organizations (SSOs) in Montana. The bill requires SSOs to apply for certification from the Department of Revenue and outlines specific requirements they must meet to be certified and accept tax-credit eligible donations. It mandates that SSOs allocate at least 90% of their annual revenue from eligible donations for scholarships and ensures a parent's right to select an education provider. The legislation aims to increase transparency and accountability for these organizations.
SB 93 revises state income tax laws concerning military pensions, retirement, and survivor benefits. The bill expands the eligibility for tax exemptions on these benefits to include certain individuals who became or remained residents of the state after a specific date. It also eliminates the previous 5-year limit for claiming the exemption and removes the statutory sunset, making the exemption permanent. This means more retired military members and their survivors in Montana will be able to exempt their military retirement income from state taxes indefinitely.
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.
Senate Bill 333 repeals the termination date for the existing coal severance tax coal washing credit. This credit, previously set to expire on July 1, 2027, will now continue indefinitely. The bill directly affects coal mining companies and processors that utilize coal washing and are subject to the coal severance tax, allowing them to continue claiming this tax credit.
Senate Bill 564 requires the Department of Administration to create and manage a public website to increase transparency of state procurement transactions. This website will provide detailed information on payments made by state agencies, including the contractor's name, the purpose of the payment, and the amount. To help offset the costs of establishing and maintaining this website, vendors will be required to pay an application fee when submitting bids or proposals for state contracts. The bill aims to improve public access to how state funds are spent on supplies and services.