HB424

Montana HB424 revises tax classifications for data center property, extending construction timeframes and modifying ownership requirements.

Montana HB424 revises the tax classification for data center property, extending the timeframe for construction and modifying ownership requirements. The bill defines class seventeen property to include land, improvements, and equipment of a qualified data center, with specific investment thresholds. It also extends the timeframe for construction to meet these criteria. The bill further amends the definition of class thirteen property to exclude certain electrical generation facilities and includes dedicated communications infrastructure.