SB117

Montana SB117 revises property tax limitations for governmental entities.

Montana SB117 revises the limitations on property tax increases for governmental entities. It modifies the calculation for the maximum number of mills a governmental entity may impose, taking into account the current year's taxable value, newly taxable value, and inflation. The bill also specifies that certain types of property, such as newly taxable property, are subject to the mill levy limitation calculation. Additionally, it sets a fixed limit on the mill levy authority and provides exceptions for specific levies.