Montana legislation · 2025 Regular Session
Montana SB169: Revise intangible personal property exemption
Status: Failed, May 23, 2025
What the bill says
A bill for an act entitled: "an act providing that certain personal property is not exempt from property taxation; revising the definition of "intangible personal property"; amending section 15-6-218, mca; and providing a delayed effective date and an applicability date.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT PROVIDING THAT CERTAIN PERSONAL PROPERTY IS NOT EXEMPT FROM PROPERTY TAXATION; REVISING THE DEFINITION OF "INTANGIBLE PERSONAL PROPERTY"; AMENDING SECTION 15-6-218, MCA; AND PROVIDING A DELAYED EFFECTIVE DATE AND AN APPLICABILITY DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Section 15-6-218, MCA, is amended to read: "15-6-218. Intangible personal property exemption -- definition. (1) Intangible personal property is exempt from taxation. (2) (a) For the purposes of this section, "intangible personal property" means the following property if it is not integral to the operation of a business or an operating unit of a centrally assessed utility: personal property that is not tangible personal property and that: (a) has no intrinsic value but is the representative or evidence of value, including but not limited to (i) certificates of stock, ; (ii) bonds, ; (iii) promissory notes, ; (iv) licenses, ; (v) copyrights, ; (vi) patents, ; (vii) trademarks, ; (viii) contracts, ; (ix) software, ; and (x) franchises; or - 1 - Authorized Print Version - SB **** 69th Legislature 2025 SB 169.1 (b) lacks physical existence, including but not limited to goodwill. (3) To the extent that the unit value of centrally assessed property includes intangible personal property, that value must be removed from the unit …
Sponsors
- Dunwell, Mary Ann (D, 42) · primary sponsor
Latest actions
- : (S) Died in Process
- : (S) Missed Deadline for Revenue Bill Transmittal
- : (S) Tabled in Committee
- : (S) Hearing
- : (S) Sponsor Rebuttal to Fiscal Note Printed
- : (S) Fiscal Note Printed
- : (S) Sponsor Rebuttal to Fiscal Note Signed
- : (S) Sponsor Rebuttal to Fiscal Note Received
- : (S) Fiscal Note Signed
- : (S) Fiscal Note Received
Subjects: Energy, Gas and Oil, Taxation, Revenue, State, Communications, Revenue, Local, Taxation--Property
Common questions
- What is SB169?
- SB169 is a bill in the Montana Legislature (2025 Regular Session): Revise intangible personal property exemption.
- What does SB169 do?
- In its own words: A bill for an act entitled: "an act providing that certain personal property is not exempt from property taxation; revising the definition of "intangible personal property"; amending section 15-6-218, mca; and providing a delayed effective date and an applicability date.".
- What is the status of SB169?
- Failed as of May 23, 2025. Latest action: (S) Died in Process (May 23, 2025).
- Who sponsored SB169?
- Dunwell, Mary Ann (D, 42).
- Where is the official record for SB169?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0021
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.