Montana legislation · 2025 Regular Session
Montana SB117: Revise government entity limitations on property tax increases
Status: Signed into law, May 13, 2025
What the bill says
An act generally revising property taxes; revising governmental entity limits on property tax increases; increasing the rate of inflation limitation imposed on governmental entities for calculating property tax levies; providing that a portion of newly taxable property is subject to the mill levy limitation calculation; providing that a local government may create a large taxpayer reserve account; amending section 15-10-420, mca; and providing an applicability date.
From the engrossed text:
AN ACT GENERALLY REVISING PROPERTY TAXES; REVISING GOVERNMENTAL ENTITY LIMITS ON PROPERTY TAX INCREASES; INCREASING THE RATE OF INFLATION LIMITATION IMPOSED ON GOVERNMENTAL ENTITIES FOR CALCULATING PROPERTY TAX LEVIES; PROVIDING THAT A PORTION OF NEWLY TAXABLE PROPERTY IS SUBJECT TO THE MILL LEVY LIMITATION CALCULATION; PROVIDING THAT A LOCAL GOVERNMENT MAY CREATE A LARGE TAXPAYER RESERVE ACCOUNT; AMENDING SECTION 15-10-420, MCA; AND PROVIDING AN APPLICABILITY DATE. Section 1. Local government large taxpayer reserve account -- expenditure restrictions. (1) The governing body of a city, county, or consolidated city-county may establish a large taxpayer reserve account. (2) A city, county, or consolidated city-county that establishes an account pursuant to this section shall deposit annually 10% of revenue generated from newly taxable property in classes other than class four in the large taxpayer reserve account. (3) A city, county, or consolidated city-county may use a portion of the revenue from newly taxable property generated under subsection (2) to offset any required payment to the department for technology enhancing the assessment of newly taxable property. (4) Subject to a payment made pursuant to subsection (3), money deposited in the account by the city, county, or consolidated city-county must remain in the account and may not be appropriated by the governing body until a large taxpayer has permanently ceased operations or experienced a significant …
Sponsors
- Zolnikov, Daniel (R, 22) · primary sponsor
- Zolnikov, Katie (R, 44)
Latest actions
- : Chapter Number Assigned
- : (S) Signed by Governor
- : (S) Transmitted to Governor
- : (H) Signed by Speaker
- : (S) Signed by President
- : (S) Returned from Enrolling
- : (S) Sent to Enrolling
- : (H) 3rd Reading
- : (H) Scheduled for 3rd Reading
- : (H) 2nd Reading
Votes
- Do Concur (April 16, 2025): 67 yea, 31 nay, passed
- Do Concur (April 15, 2025): 56 yea, 41 nay, passed
- Do Pass (March 28, 2025): 39 yea, 9 nay, passed
- Do Pass (March 27, 2025): 38 yea, 12 nay, passed
Subjects: Local Finance, Taxation, Revenue, State, State Finance, Revenue, Local, Education - School Finance, Taxation--Property
Common questions
- What is SB117?
- SB117 is a bill in the Montana Legislature (2025 Regular Session): Revise government entity limitations on property tax increases.
- What does SB117 do?
- In its own words: An act generally revising property taxes; revising governmental entity limits on property tax increases; increasing the rate of inflation limitation imposed on governmental entities for calculating property tax levies; providing that a portion of newly taxable property is subject to the mill levy limitation calculation; providing that a local government may create a large taxpayer reserve account; amending section 15-10-420, mca; and providing an applicability date.
- What is the status of SB117?
- Signed into law as of May 13, 2025. Latest action: Chapter Number Assigned (May 13, 2025).
- Who sponsored SB117?
- Zolnikov, Daniel (R, 22), with 1 co-sponsor.
- Where is the official record for SB117?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0004
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.