Budget & Taxes (Tax Incentives)

died · Montana · Senate May 23, 2025

SB 169: Revise intangible personal property exemption

SB 169 would revise Montana's property tax law by removing the tax exemption for certain intangible personal property, such as stocks, bonds, patents, software, and licenses, unless they are directly used in business operations. This change would affect businesses and property owners holding these assets, requiring them to pay property taxes on previously exempt items. The bill clarifies that intangible property lacking physical existence (like goodwill) or representing value (like financial instruments) is no longer exempt, while property integral to business operations remains exempt. The law would take effect for tax years beginning after December 31, 2025, with implementation starting January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesRemoves tax exemption for intangible property, increasing state revenue and closing a tax loophole per bill's explicit revision of property tax law.95% confidence

Sub-Topics Tax Incentives

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signed · Montana · House May 19, 2025

HB 920: Provide property tax exemption for senior care facilities and housing

HB 920 establishes a temporary property tax exemption for new senior care facilities and housing development projects. Tax-exempt non-profit organizations sponsoring these projects must first petition a local government, which determines if there is a "compelling need" for the project through a public hearing. If approved by the local government, the sponsor can then apply to the department of revenue for the exemption. This bill aims to encourage the development of various affordable housing and care options for seniors aged 55 or 62 and older.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for senior care facilities, reducing tax burden for affordable housing development.95% confidence ✓ HealthcareSupports HealthcareBill provides tax exemption for senior care facilities to encourage development of affordable housing, directly improving access to senior healthcare services.95% confidence ✓ HousingSupports HousingBill provides tax exemption for senior housing development, explicitly aiming to encourage affordable housing construction through local need assessments.95% confidence

Sub-Topics Property Tax Tax Incentives Affordable Housing Property Development Property Taxes

died · Montana · House May 22, 2025

HB 836: Provide for a property tax deferral loan program

HB 836 proposed creating a property tax deferral loan program for eligible senior citizens and active-duty military personnel in Montana. This program would allow qualifying homeowners to defer paying the portion of their property taxes that exceeds their 2022 property tax amount. The state's Board of Housing would provide these loans, which would accrue simple interest and become a lien on the primary residence. The loan, including interest, would generally be repaid when the property is sold or transferred, or upon the death of the homeowner, though a surviving spouse might be able to assume the loan.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax deferral for seniors/military, reducing immediate tax burden (tax relief for vulnerable groups), aligning with support indicators.95% confidence ✓ HousingSupports HousingDefers property taxes for seniors/military to prevent home loss, supporting housing stability for vulnerable groups.85% confidence

Sub-Topics Tax Incentives Homeownership Property Taxes

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died · Montana · Senate May 23, 2025

SB 322: Increase business equipment tax exemption

SB 322 increases Montana's tax exemption for business equipment by setting a $500 threshold, meaning equipment costing under $500 would be automatically exempt from taxation. It also requires annual inflation adjustments to the exemption amount and modifies tax code sections to clarify definitions and eligibility. Local governments and tax increment financing districts would receive reimbursements for lost property tax revenue due to these changes. The bill directly affects Montana businesses purchasing equipment under $500 and local governments managing property tax revenue.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax exemption for small business equipment ($500 threshold), providing tax relief while requiring reimbursements to offset local revenue loss.90% confidence

Sub-Topics Business Taxes Property Tax Tax Incentives

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signed · Montana · Senate May 16, 2025

SB 534: Provide property tax exemption for wireless infrastructure

SB 534 provides a property tax exemption for specific wireless infrastructure in Montana. This bill exempts qualifying wireless infrastructure, placed into service on or after the act's effective date, from property taxes for an initial period of five years. Following this, the exemption gradually phases out over the next five years, after which the property becomes fully taxable. To maintain the exemption, owners must reinvest the tax savings into new communication infrastructure within Montana, without charging those costs to consumers.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for wireless infrastructure, a direct tax relief measure under taxation policy, aligning with tax relief indicators.90% confidence ✓ TechnologySupports TechnologyTax exemption incentivizes wireless infrastructure investment, directly advancing internet access and communication technology deployment per bill's purpose.92% confidence

Sub-Topics Business Taxes Tax Incentives Telecommunications

signed · Montana · House May 19, 2025

HB 424: Revise taxes for class 17 data center property

HB 424 revises property tax classifications for data center property. It modifies the types of property included in Class seventeen for qualified data centers, and extends the timeframe within which this data center property must be built. The bill also revises ownership requirements for Class seventeen data center property. Additionally, it updates the classification of certain dedicated communications infrastructure in Class thirteen, extending its relevant timeframe.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill revises property tax classifications for data centers, providing tax benefits through modified classifications and extended timelines, directly advancing tax policy for a specific sector.90% confidence

Sub-Topics Business Taxes Property Tax Tax Incentives

died · Montana · House May 20, 2025

HB 461: Provide exemption for certain owner-occupied residential property owned by persons 67 or older

HB 461 proposes a property tax exemption for certain owner-occupied residential properties. It directly affects homeowners aged 65 or older who have continuously used the property as their primary residence for at least five years. The exemption amount is calculated based on the increase in market value compared to a "base year" when the exemption was first approved. Homeowners must apply annually by March 1, and the exemption can terminate if the property is sold, undergoes new construction or significant remodeling, or is reclassified.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemption for seniors (67+), offering direct tax relief to lower-income homeowners and aligning with fiscal support indicators for vulnerable groups.95% confidence

Sub-Topics Property Tax Sales Tax Tax Incentives

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died · Montana · House May 20, 2025

HB 440: Providing tax incentives to put Montana-produced food first

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for Montana food sales, reducing taxable income and lowering tax burden on agricultural producers per bill's tax incentive mechanism.90% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives

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died · Montana · House May 20, 2025

HB 652: Eliminate state taxes on veterans retirement

HB 652 aimed to revise state income taxation by providing a full income tax exemption for military pensions, retirement, and survivor benefits. This bill would have directly affected veterans, military retirees, and their survivors by eliminating state income taxes on these specific forms of income. The proposed changes included amending sections of the Montana Code Annotated related to income definitions and tax provisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesEliminates state income tax on veterans' retirement income, providing direct tax relief to military retirees and survivors per bill's explicit tax exemption provision.95% confidence ✓ VeteransSupports VeteransEliminates state income tax on veterans' retirement benefits, directly expanding financial benefits for veterans and survivors.95% confidence

Sub-Topics Income Tax Tax Incentives Veteran Benefits

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died · Montana · House May 20, 2025

HB 874: Provide property tax rebate for entity that did not receive past rebates

HB 874 aimed to provide property tax rebates for certain residential properties owned by entities, such as trusts, that did not receive past rebates. The bill allowed these entities to claim up to $500 for property taxes paid in 2022 and up to $500 for property taxes paid in 2023. To qualify, the property must have been a principal residence, and claims needed to be submitted by October 1, 2025. The bill also extended the program's termination date to June 30, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax rebates up to $500 annually for qualifying residential properties, reducing tax burden for eligible owners under Taxation--Property.95% confidence

Sub-Topics Business Taxes Property Tax Tax Incentives

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