Montana HB489 revises sales tax laws to allow local governments to impose a local option tax for property tax relief.

Montana HB489, the Local Option Property Tax Relief Act, revises sales tax laws to allow local governments to impose a local option tax. This tax, which cannot exceed 4%, is subject to voter approval and applies to goods and services within the local jurisdiction. Revenue from the local option tax must be used for property tax relief for primary residences and long-term rentals. The act also outlines procedures for tax collection, administration, and distribution of tax proceeds, including provisions for tourism promotion and historic preservation grants.

Montana HB489 revises sales tax laws to allow local governments to impose a local option tax for property tax relief.

Montana HB489, the Local Option Property Tax Relief Act, revises sales tax laws to allow local governments to impose a local option tax. This tax, which cannot exceed 4%, is subject to voter approval and applies to goods and services within the local jurisdiction. Revenue from the local option tax must be used for property tax relief for primary residences and long-term rentals. The act also outlines procedures for tax collection, administration, and distribution of tax proceeds, including provisions for tourism promotion and historic preservation grants.