Montana HB920 provides property tax exemptions for senior care facilities and housing.
Montana HB920 revises property taxes for senior care and housing, offering a temporary tax exemption for senior care and housing development projects. A tax-exempt senior care and housing sponsor can petition a local government for preapproval of a property tax exemption. If the local government approves the petition, the sponsor can apply for a property tax exemption. The exemption applies to all property owned by the sponsor within the senior care and housing development project, including new construction, for up to 5 years or until the development is final and operational.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.