Montana legislation · 2025 Regular Session
Montana HB892: Revise allocation of the insurance premium tax to fund property tax relief
Status: Failed, May 20, 2025
What the bill says
A bill for an act entitled: "an act providing for the use of insurance tax revenue for property tax relief; transferring a portion of insurance tax revenue to the state property tax assistance account; providing an appropriation; amending section 33-2-708, mca; and providing an immediate effective date.".
From the engrossed text:
A BILL FOR AN ACT ENTITLED: "AN ACT PROVIDING FOR THE USE OF INSURANCE TAX REVENUE FOR PROPERTY TAX RELIEF; TRANSFERRING A PORTION OF INSURANCE TAX REVENUE TO THE STATE PROPERTY TAX ASSISTANCE ACCOUNT; PROVIDING AN APPROPRIATION; AMENDING SECTION 33-2-708, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Section 33-2-708, MCA, is amended to read: "33-2-708. Fees and licenses. (1) (a) Except as provided in subsection (5), the commissioner shall collect a fee of $1,900 from each insurer applying for or annually renewing a certificate of authority to conduct the business of insurance in Montana. (b) The commissioner shall collect certain additional fees as follows: (i) nonresident insurance producer's (B) biennial renewal of license, $50; (C) lapsed license reinstatement fee, $100; (ii) resident insurance producer's license lapsed license reinstatement fee, $100; (iii) surplus lines insurance producer's (B) biennial renewal of license, $100; (C) lapsed license reinstatement fee, $200; (iv) insurance adjuster's (B) biennial renewal of license, $100; (C) lapsed license reinstatement fee, $200; - 1 - Authorized Print Version - HB **** 69th Legislature 2025 HB 892.1 (v) insurance consultant's (B) biennial renewal of license, $100; (C) lapsed license reinstatement fee, $200; (vi) viatical settlement broker's (B) biennial renewal of license, $100; (C) lapsed license reinstatement fee, $200; …
Sponsors
- Gillette, Jane (R, 77) · primary sponsor
Latest actions
- : (H) Died in Process
- : (H) Missed Deadline for Appropriation Bill Transmittal
- : (H) Fiscal Note Printed
- : (H) Fiscal Note Unsigned
- : (H) Fiscal Note Received
- : (H) Tabled in Committee
- : (H) Hearing
- : (H) Hearing
- : (H) 1st Reading
- : (H) Referred to Committee
Subjects: Taxation, Appropriations, Insurance, Taxation--Property
Common questions
- What is HB892?
- HB892 is a bill in the Montana Legislature (2025 Regular Session): Revise allocation of the insurance premium tax to fund property tax relief.
- What does HB892 do?
- In its own words: A bill for an act entitled: "an act providing for the use of insurance tax revenue for property tax relief; transferring a portion of insurance tax revenue to the state property tax assistance account; providing an appropriation; amending section 33-2-708, mca; and providing an immediate effective date.".
- What is the status of HB892?
- Failed as of May 20, 2025. Latest action: (H) Died in Process (May 20, 2025).
- Who sponsored HB892?
- Gillette, Jane (R, 77).
- Where is the official record for HB892?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC4443
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.