Montana HB29 revises laws related to the administration of property tax exemptions.
Montana HB29 revises laws related to the administration of property tax exemptions. It requires the Department of Revenue to establish a review process for exempt property, ensuring all exempt property for which an application is required is reviewed at least once every 8 years. The department must report to the revenue interim committee biennially, including details such as the number of properties reviewed, types of exemptions, and estimated market values.
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