Montana HB928 revises the tax rate for agricultural property owned by certain nonprofit organizations.

Montana HB928 amends the tax rate for agricultural property owned by certain nonprofit organizations. The bill specifies that agricultural land acquired after the effective date and owned by a nonprofit corporation, excluding certain types like churches and hospitals, will be taxed at a different rate. The bill also revises the classification and taxable percentage for various types of property, including class three and class four property. Additionally, it modifies the process for applying for a tax deed and the notice requirements for tax deed applications.

Montana HB928 revises the tax rate for agricultural property owned by certain nonprofit organizations.

Montana HB928 amends the tax rate for agricultural property owned by certain nonprofit organizations. The bill specifies that agricultural land acquired after the effective date and owned by a nonprofit corporation, excluding certain types like churches and hospitals, will be taxed at a different rate. The bill also revises the classification and taxable percentage for various types of property, including class three and class four property. Additionally, it modifies the process for applying for a tax deed and the notice requirements for tax deed applications.