Montana legislation · 2025 Regular Session
Montana SB343: Revert revenue from coal tax to coal trust
Status: Failed, May 23, 2025
What the bill says
A bill for an act entitled: "an act revising the distribution of money from the coal severance tax to increase the amount in the coal severance tax permanent fund; redirecting distributions of remaining allocations from the general fund to the coal severance tax permanent fund; and amending section 15-35-108, mca.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT REVISING THE DISTRIBUTION OF MONEY FROM THE COAL SEVERANCE TAX TO INCREASE THE AMOUNT IN THE COAL SEVERANCE TAX PERMANENT FUND; REDIRECTING DISTRIBUTIONS OF REMAINING ALLOCATIONS FROM THE GENERAL FUND TO THE COAL SEVERANCE TAX PERMANENT FUND; AND AMENDING SECTION 15-35-108, MCA." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Section 15-35-108, MCA, is amended to read: "15-35-108. (Temporary) Disposal of severance taxes. Severance taxes collected under this chapter must, in accordance with the provisions of 17-2-124, be allocated as follows: (1) Fifty percent of total coal severance tax collections is allocated to the trust fund created by Article IX, section 5, of the Montana constitution, including any excess funds pursuant to subsection (11). The trust fund money must be deposited in the fund established under 17-6-203(6) and invested by the board of investments as provided by law. (2) The amount of 12% of coal severance tax collections is allocated to the major repair long-range building program account established in 17-7-221. (3) The amount of 0.90% in fiscal year 2020 and 0.93% in fiscal year 2021 and in each fiscal year thereafter must be allocated for provision of basic library services for the residents of all counties through library federations and for payment of the costs of …
Sponsors
- Fern, Dave (D, 2) · primary sponsor
Latest actions
- : (H) Died in Committee
- : (H) Tabled in Committee
- : (H) 1st Reading
- : (H) Hearing
- : (H) Referred to Committee
- : (S) Transmitted to House
- : (S) 3rd Reading
- : (S) Scheduled for 3rd Reading
- : (S) Committee Report
- : (S) Committee Executive Action
Votes
- Do Pass (April 3, 2025): 46 yea, 4 nay, passed
- Do Pass (March 25, 2025): 47 yea, 3 nay, passed
Subjects: Taxation--Coal, Taxation, State Finance, Money Transfer, Taxation--Individual Income
Common questions
- What is SB343?
- SB343 is a bill in the Montana Legislature (2025 Regular Session): Revert revenue from coal tax to coal trust.
- What does SB343 do?
- In its own words: A bill for an act entitled: "an act revising the distribution of money from the coal severance tax to increase the amount in the coal severance tax permanent fund; redirecting distributions of remaining allocations from the general fund to the coal severance tax permanent fund; and amending section 15-35-108, mca.".
- What is the status of SB343?
- Failed as of May 23, 2025. Latest action: (H) Died in Committee (May 23, 2025).
- Who sponsored SB343?
- Fern, Dave (D, 2).
- Where is the official record for SB343?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC1991
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.