Montana legislation · 2025 Regular Session
Montana SB550: Revise taxation of of certain telecommunications property
Status: Signed into law, May 16, 2025
What the bill says
An act revising class five property to include certain telecommunications property; amending section 15-6-135, mca; and providing an immediate effective date and a retroactive applicability date.
From the engrossed text:
AN ACT REVISING CLASS FIVE PROPERTY TO INCLUDE CERTAIN TELECOMMUNICATIONS PROPERTY; AMENDING SECTION 15-6-135, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE AND A RETROACTIVE APPLICABILITY DATE. Section 1. Section 15-6-135, MCA, is amended to read: "15-6-135. Class five property -- description -- taxable percentage -- exemption. (1) Class five property includes: (a) all property used and owned by cooperative rural electrical and cooperative rural telephone associations organized under the laws of Montana, except property owned by cooperative organizations described in 15-6-137(1)(a); (b) air and water pollution control and carbon capture equipment as defined in this section; (c) any personal or real property used primarily in the production of ethanol-blended gasoline during construction and for the first 3 years of its operation; (d) all land and improvements and all personal property owned by a research and development firm, provided that the property is actively devoted to research and development; (e) machinery and equipment used in electrolytic reduction facilities; and (f) all property used and owned by persons, firms, corporations, or other organizations that: (i) are engaged in the business of furnishing telecommunications services exclusively to rural areas or to rural areas and cities and towns of 1,200 permanent residents or less; or (ii) furnish telecommunications services in or own property in not more than three counties. (2) (a) "Air and water …
Sponsors
- Fern, Dave (D, 2) · primary sponsor
- Sprunger, Courtenay (R, 7)
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 23, 2025): 99 yea, 0 nay, passed
- Do Concur (April 22, 2025): 99 yea, 0 nay, passed
- Do Pass (April 4, 2025): 44 yea, 5 nay, passed
- Do Pass (April 3, 2025): 43 yea, 5 nay, passed
Subjects: Taxation, Revenue, State, Revenue, Local, Taxation--Property
Common questions
- What is SB550?
- SB550 is a bill in the Montana Legislature (2025 Regular Session): Revise taxation of of certain telecommunications property.
- What does SB550 do?
- In its own words: An act revising class five property to include certain telecommunications property; amending section 15-6-135, mca; and providing an immediate effective date and a retroactive applicability date.
- What is the status of SB550?
- Signed into law as of May 16, 2025. Latest action: Chapter Number Assigned (May 16, 2025).
- Who sponsored SB550?
- Fern, Dave (D, 2), with 1 co-sponsor.
- Where is the official record for SB550?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC4173
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.