Montana legislation · 2025 Regular Session
Montana SB99: Revise unrelated business taxable income to include certain rental and accommodations income
Status: Failed, May 23, 2025
What the bill says
A bill for an act entitled: "an act providing that certain income of a tax-exempt organization is unrelated business income subject to taxation; amending sections 15-30-3404 and 15-31-102, mca; and providing an applicability date.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT PROVIDING THAT CERTAIN INCOME OF A TAX-EXEMPT ORGANIZATION IS UNRELATED BUSINESS INCOME SUBJECT TO TAXATION; AMENDING SECTIONS 15-30-3404 AND 15-31-102, MCA; AND PROVIDING AN APPLICABILITY DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Section 15-30-3404, MCA, is amended to read: "15-30-3404. Election -- partnership pays -- rulemaking. (1) Subject to the limitations in subsection (2), an audited partnership making an election under this section shall: (a) no later than 90 days after the final determination date, file a completed federal adjustments report, including information required by the department, and notify the department that it is making the election under this section. A partnership that fails to file a timely completed federal adjustments report must be assessed a late file penalty as provided for in 15-30-3302(5)(d). (b) no later than 180 days after the final determination date, pay an amount, determined as follows, in lieu of taxes owed by its direct and indirect partners: (i) exclude from final federal adjustments the distributive share of these adjustments reported to a direct exempt partner not subject to tax under 15-31-102(3)(a); (ii) for the total distributive shares of the remaining final federal adjustments reported to direct corporate partners subject to tax under 15-31-101 and to direct exempt partners subject to …
Sponsors
- Beard, Becky (R, 38) · primary sponsor
Latest actions
- : (H) Died in Committee
- : (S) Committee Executive Action
- : (H) Tabled in Committee
- : (H) Hearing
- : (H) 1st Reading
- : (H) Referred to Committee
- : (S) Transmitted to House
- : (S) 3rd Reading
- : (S) Scheduled for 3rd Reading
- : (S) 2nd Reading
Votes
- Do Pass (January 31, 2025): 27 yea, 23 nay, passed
- Do Pass (January 30, 2025): 29 yea, 20 nay, passed
Subjects: Taxation--Corporations, Taxation, Revenue, State, Agriculture
Common questions
- What is SB99?
- SB99 is a bill in the Montana Legislature (2025 Regular Session): Revise unrelated business taxable income to include certain rental and accommodations income.
- What does SB99 do?
- In its own words: A bill for an act entitled: "an act providing that certain income of a tax-exempt organization is unrelated business income subject to taxation; amending sections 15-30-3404 and 15-31-102, mca; and providing an applicability date.".
- What is the status of SB99?
- Failed as of May 23, 2025. Latest action: (H) Died in Committee (May 23, 2025).
- Who sponsored SB99?
- Beard, Becky (R, 38).
- Where is the official record for SB99?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0963
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.