Montana legislation · 2025 Regular Session
Montana SB351: Limit the state's ability to bank statewide mills
Status: Failed, May 23, 2025
What the bill says
A bill for an act entitled: "an act revising property tax laws to provide that the authority to carry forward mills does not apply to certain state mills; amending section 15-10-420, mca; and providing an immediate effective date and a retroactive applicability date.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT REVISING PROPERTY TAX LAWS TO PROVIDE THAT THE AUTHORITY TO CARRY FORWARD MILLS DOES NOT APPLY TO CERTAIN STATE MILLS; AMENDING SECTION 15-10-420, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE AND A RETROACTIVE APPLICABILITY DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Section 15-10-420, MCA, is amended to read: "15-10-420. Procedure for calculating levy. (1) (a) Subject to the provisions of this section, a governmental entity that is authorized to impose mills may impose a mill levy sufficient to generate the amount of property taxes actually assessed in the prior year plus one-half of the average rate of inflation for the prior years. The maximum number of mills that a governmental entity may impose is established by calculating the number of mills required to generate the amount of property tax actually assessed in the governmental unit in the prior year based on the current year taxable value, less the current year's newly taxable value, plus one-half of the average rate of inflation for the prior 3 years. (b) (i) A Except as provided in subsection (1)(b)(ii), a governmental entity that does not impose the maximum number of mills authorized under subsection (1)(a) may carry forward the authority to impose the number of mills equal to the …
Sponsors
- Regier, Matt (R, 5) · primary sponsor
Latest actions
- : (S) Died in Process
- : (S) Missed Deadline for Revenue Bill Transmittal
- : (S) Tabled in Committee
- : (S) Hearing
- : (S) Fiscal Note Printed
- : (S) Fiscal Note Unsigned
- : (S) Fiscal Note Received
- : (S) Fiscal Note Requested
- : (S) Referred to Committee
- : (S) 1st Reading
Subjects: Taxation, Revenue, State, State Finance, Education - School Finance, Taxation--Property
Common questions
- What is SB351?
- SB351 is a bill in the Montana Legislature (2025 Regular Session): Limit the state's ability to bank statewide mills.
- What does SB351 do?
- In its own words: A bill for an act entitled: "an act revising property tax laws to provide that the authority to carry forward mills does not apply to certain state mills; amending section 15-10-420, mca; and providing an immediate effective date and a retroactive applicability date.".
- What is the status of SB351?
- Failed as of May 23, 2025. Latest action: (S) Died in Process (May 23, 2025).
- Who sponsored SB351?
- Regier, Matt (R, 5).
- Where is the official record for SB351?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC2277
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.