Montana legislation · 2025 Regular Session
Montana HB154: Establish a housing fairness tax credit
Status: Failed, May 22, 2025
What the bill says
A bill for an act entitled: "an act creating a housing fairness income tax credit for property taxes paid and rent-equivalent property taxes paid; providing that a taxpayer may claim either the housing fairness property tax credit or the residential property tax credit for the elderly and participate in the property tax assistance program or the disabled veteran assistance program or receive the intangible land value property exemption; providing definitions; amending sections 15-6-240, 15-6-302, 15-7-102, 15-16-101, 15-17-125, 15-30-2303, and 15-30-2341, mca…
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT CREATING A HOUSING FAIRNESS INCOME TAX CREDIT FOR PROPERTY TAXES PAID AND RENT-EQUIVALENT PROPERTY TAXES PAID; PROVIDING THAT A TAXPAYER MAY CLAIM EITHER THE HOUSING FAIRNESS PROPERTY TAX CREDIT OR THE RESIDENTIAL PROPERTY TAX CREDIT FOR THE ELDERLY AND PARTICIPATE IN THE PROPERTY TAX ASSISTANCE PROGRAM OR THE DISABLED VETERAN ASSISTANCE PROGRAM OR RECEIVE THE INTANGIBLE LAND VALUE PROPERTY EXEMPTION; PROVIDING DEFINITIONS; AMENDING SECTIONS 15-6-240, 15-6-302, 15-7-102, 15-16-101, 15-17-125, 15-30-2303, AND 15-30-2341, MCA; AND PROVIDING A DELAYED EFFECTIVE DATE AND AN APPLICABILITY DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: NEW SECTION. Section 1. Housing fairness property tax credit -- definitions. As used in [sections 1 through 4], the following definitions apply: (1) "Claim period" means the tax year for claimants required to file a Montana tax return or returns under chapter 30 of this title and the calendar year for claimants not required to file returns. (2) "Claimant" means a person who is eligible to file a claim for a credit under [sections 1 through 4]. (3) "Gross rent" means the total rent in cash or its equivalent actually paid during the claim period by the renter or lessee for the right of occupancy of the qualified rental residence pursuant to an arm's-length transaction with the landlord. …
Sponsors
- (D, 98) · primary sponsor