Montana HB946 revises lodging and rental car taxes to provide property tax relief for principal residences.

Montana HB946 revises lodging and rental car taxes to provide property tax relief for principal residences. It increases lodging and rental car taxes, offering a temporary property tax credit for 2025 and permanent assistance starting in 2026. The property tax assistance is funded by lodging tax revenue and rental car tax revenue. The bill also establishes a certification process for principal residences, outlines an appeals process, and details statutory appropriations for various state programs. It includes definitions, effective dates, and applicability provisions.

Montana HB946 revises lodging and rental car taxes to provide property tax relief for principal residences.

Montana HB946 revises lodging and rental car taxes to provide property tax relief for principal residences. It increases lodging and rental car taxes, offering a temporary property tax credit for 2025 and permanent assistance starting in 2026. The property tax assistance is funded by lodging tax revenue and rental car tax revenue. The bill also establishes a certification process for principal residences, outlines an appeals process, and details statutory appropriations for various state programs. It includes definitions, effective dates, and applicability provisions.