HB326

Montana HB326 would establish a 10% tax on electrical energy not produced by coal, matching the coal severance tax rate.

Montana HB326 creates the State Energy Resource Severance Act, imposing a 10% tax on the sale price of electrical energy produced in the state, excluding coal. The tax revenue is allocated to three accounts: 50% to the state energy resources trust account for state projects, 40% to the Montana energy authority operations account, and 10% to the Montana energy authority resource trust account. The act exempts electrical generation from coal or coal-fired steam turbines from the tax.