Montana legislation · 2025 Regular Session
Montana HB451: Revise tax increment financing districts to exclude debt service and certain school levies
Status: Failed, May 22, 2025
What the bill says
A bill for an act entitled: "an act revising tax increment financing laws related to the levies included in the calculation of the tax increment; providing that certain school levies and debt service levies are excluded when calculating the tax increment for newly created districts; amending section 7-15-4286, mca; and providing an immediate effective date and an applicability date.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT REVISING TAX INCREMENT FINANCING LAWS RELATED TO THE LEVIES INCLUDED IN THE CALCULATION OF THE TAX INCREMENT; PROVIDING THAT CERTAIN SCHOOL LEVIES AND DEBT SERVICE LEVIES ARE EXCLUDED WHEN CALCULATING THE TAX INCREMENT FOR NEWLY CREATED DISTRICTS; AMENDING SECTION 7-15-4286, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE AND AN APPLICABILITY DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Section 7-15-4286, MCA, is amended to read: "7-15-4286. Procedure to determine and disburse tax increment -- remittance of excess portion of tax increment for targeted economic development district. (1) (a) Except as provided in subsection (1)(b), mill rates of taxing bodies for taxes levied after the effective date of the tax increment provision must be calculated on the basis of the sum of the taxable value, as shown by the last equalized assessment roll, of all taxable property located outside the urban renewal area or targeted economic development district and the base taxable value of all taxable property located within the area or district. The mill rate determined must be levied against the sum of the actual taxable value of all taxable property located within as well as outside the area or district. (b) If a mill levy is excluded from the tax increment calculation pursuant to subsections …
Sponsors
- Thane, Mark (D, 89) · primary sponsor
- Hertz, Greg (R, 7)
Latest actions
- : (H) Died in Process
- : (H) Conference Committee Appointed
- : (H) 2nd Reading Senate Amendments
- : (H) Scheduled for 2nd Reading
- : (S) Returned to House with Amendments
- : (S) 3rd Reading
- : (S) Scheduled for 3rd Reading
- : (S) 2nd Reading
- : (S) 2nd Reading Motion to Amend
- : (S) Scheduled for 2nd Reading
Votes
- Do Not Concur (April 29, 2025): 57 yea, 42 nay, failed
- Do Concur (April 25, 2025): 28 yea, 21 nay, passed
- Do Concur As Amended (April 23, 2025): 46 yea, 3 nay, passed
- AMD-HB0451.001.003 Hertz D/PASS (April 23, 2025): 40 yea, 9 nay, passed
- Do Pass (March 26, 2025): 94 yea, 5 nay, passed
- Do Pass (March 25, 2025): 99 yea, 0 nay, passed
Subjects: Local Finance, Taxation, Revenue, State, Revenue, Local, Education - School Finance, Taxation--Property
Common questions
- What is HB451?
- HB451 is a bill in the Montana Legislature (2025 Regular Session): Revise tax increment financing districts to exclude debt service and certain school levies.
- What does HB451 do?
- In its own words: A bill for an act entitled: "an act revising tax increment financing laws related to the levies included in the calculation of the tax increment; providing that certain school levies and debt service levies are excluded when calculating the tax increment for newly created districts; amending section 7-15-4286, mca; and providing an immediate effective date and an applicability date.".
- What is the status of HB451?
- Failed as of May 22, 2025. Latest action: (H) Died in Process (May 22, 2025).
- Who sponsored HB451?
- Thane, Mark (D, 89), with 1 co-sponsor.
- Where is the official record for HB451?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC3170
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.