Budget & Taxes

died · Montana · House May 20, 2025

HB 429: Provide account and transfer for BOI for investment in precious metals and digital assets

HB 429, titled the "Inflation Protection Act of 2025," proposed creating a new state special revenue account within the state special revenue fund. This account would be initially funded by a $50 million transfer from the state's general fund by July 15, 2025, with additional funding from future legislative transfers. The bill authorized the Board of Investments to invest the funds in this account in precious metals, digital assets, and stablecoins. Any proceeds generated from these investments would remain within the account, affecting the state's financial management and investment strategies.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates new state investment account within budget (fiscal management) to protect against inflation via precious metals/digital assets, aligning with fiscal responsibility indicators.90% confidence

Sub-Topics State Budget

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signed · Montana · House May 13, 2025

HB 576: Revise funding for medicaid and health and support services to children and to adults who are aged, blind, and disabled

HB 576 revises the funding for Medicaid and health and support services for children and adults who are aged, blind, or disabled. The bill allows a portion of the state's annual tobacco settlement proceeds to be used as matching funds for federal programs, including the Children's Health Insurance Program (CHIP), home visiting services, and specific Medicaid waivers. It also expands the uses of an existing state special revenue account, enabling its funds to similarly provide matching funds for these same services. These changes are designed to help secure federal funding for a range of health and support programs.

Topics ✓ Budget & TaxesSupports Budget & TaxesUses tobacco settlement proceeds as matching funds for Medicaid/CHIP, directly funding essential health services without new taxes or cuts.95% confidence ✓ HealthcareSupports HealthcareBill allocates tobacco settlement funds to expand Medicaid/CHIP funding and health services for vulnerable populations, strengthening coverage and access.95% confidence

Sub-Topics Children's Health Medicaid

died · Montana · House May 20, 2025

HB 895: Provide exclusion from income for certain income from sale of a newly constructed residence

House Bill 895 (HB 895) proposed to allow individuals and businesses to subtract a portion of the income earned from the sale of a newly constructed residence when calculating their Montana state taxable income. This means that a part of the profit from selling these homes would be exempt from state income tax. The bill aimed to adjust Montana's tax code by creating this specific income exclusion. It would directly affect sellers of newly built homes by potentially reducing their state income tax liability.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax exclusion for new home sales, providing tax relief per tax code adjustment, aligning with support indicators for tax relief.95% confidence

Sub-Topics Business Taxes Income Tax

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signed · Montana · House May 8, 2025

HB 8: Renewable resource bonds and loans

HB 8 approves specific renewable resource projects and reauthorizes others, enabling the Department of Natural Resources and Conservation (DNRC) to provide loans for them. These loans are available to various political subdivisions and local governments for purposes such as dam rehabilitation and irrigation system improvements. To fund these projects, the bill authorizes the issuance of up to $121,198,444 in coal severance tax bonds. Loan disbursements are subject to conditions including DNRC approval of the project's scope and budget, and the execution of a loan agreement.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes $121M in coal severance tax bonds for renewable infrastructure projects, using existing tax funds to finance approved initiatives under Appropriations and Coal Tax Fund subjects.92% confidence ✓ EnergySupports EnergyAuthorizes $121M in bonds for renewable projects via DNRC loans, directly funding clean energy infrastructure like dam rehab and irrigation improvements.95% confidence ✓ EnvironmentSupports EnvironmentFunds renewable projects via loans/bonds, promotes clean energy and water conservation through dam irrigation improvements and DNRC financing.95% confidence

Sub-Topics Debt & Bonds Coal Hydroelectric Conservation

signed · Montana · House May 19, 2025

HB 505: Allow Montana housing infrastructure revolving loan fund to retain its interest and income and provide for fund transfers

HB 505 modifies the Montana Housing Infrastructure Revolving Loan Fund Account. The bill allows this fund to retain all interest and income it earns, rather than those funds being transferred elsewhere. It also directs the state treasurer to transfer $50 million from the general fund into this account by June 2025 and another $50 million by June 2026. These provisions aim to increase the resources available within the revolving loan fund, which supports housing infrastructure projects. The principal of the fund can only be appropriated by a two-thirds vote of each legislative house.

Topics ✓ Budget & TaxesSupports Budget & TaxesTransfers $100M from general fund to housing loan fund, increasing dedicated funding for housing infrastructure projects per appropriations provisions.92% confidence ✓ HousingSupports HousingBill allocates $100M to housing infrastructure fund, retains interest/income to boost resources for housing projects, directly advancing housing funding and infrastructure.95% confidence

Sub-Topics Housing Finance

signed · Montana · House May 16, 2025

HB 281: Provide statutory appropriation of reinsurance program assessments

This bill revises state law to provide a continuous, automatic funding mechanism for the state's reinsurance program. It designates assessments collected from members of the reinsurance association, along with any earned interest, as statutorily appropriated. This means these funds can be spent by the program's administrator, the commissioner, without requiring new legislative approval each budget cycle. The money is specifically for covering the administration, operation, and claims expenses of the reinsurance program.

Topics ✓ Budget & TaxesSupports Budget & TaxesAutomates funding for reinsurance program via statutory appropriation, ensuring continuous fiscal support without annual legislative approval for program expenses.95% confidence

Sub-Topics Appropriations

signed · Montana · House May 13, 2025

HB 785: Revise laws related to manufactured homes

HB 785 revises the laws for manufactured homes to be considered improvements to real property for tax and lending purposes. The bill outlines requirements such as removing running gear, attaching the home to a permanent foundation, and recording a statement of intent with the county. It also establishes a process to eliminate the manufactured home's certificate of origin or title once it is declared real property. Additionally, it creates an alternate process for older manufactured homes (built before October 1, 2005) with missing identification tags, allowing them to be considered real property if they have been taxed as such for at least one year. This affects owners of manufactured homes and the state agencies involved in titling and taxation.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly revises tax classification for manufactured homes as real property, directly impacting taxation policies and fiscal management under Taxation--Property.95% confidence

signed · Montana · House Mar 27, 2025

HB 13: State Employee Pay Plan

HB 13 revises pay and benefits for all Montana state employees, including a $1.00 hourly or 2.5% base salary increase (whichever is greater) effective July 1, 2025, plus one-time lump-sum payments based on work hours: $1,040 for full-time employees, $780 for 20-40 hours/week, and $520 for under 20 hours/week. It also adjusts per diem rates for travel, increasing daily meal allowances to $8.25 (breakfast), $9.25 (lunch), and $16.00 (dinner) for in-state travel. The bill applies broadly to all state employees and was enacted into law on March 27, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases state employee compensation and travel allowances, directly raising government spending under appropriations and public employee budgets.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill increases state employee wages (2.5% or $1/hr min) and adds lump-sum payments ($520-$1,040), directly advancing compensation standards for public workers.95% confidence

Sub-Topics Public Employees

signed · Montana · House May 16, 2025

HB 7: Reclamation and development grants

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $13.9M from special revenue account for natural resource grants, directly funding state programs under Budget & Taxes appropriations.90% confidence ✓ EnvironmentSupports EnvironmentBill allocates $13.9M for reclamation projects and water storage initiatives under DNRC, directly funding environmental protection and natural resource conservation as indicated by its subjects and purpose.95% confidence

Sub-Topics Conservation

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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