Montana SB172 revises resort tax laws to allow additional tax revenue for workforce housing.
Montana SB172 revises resort tax laws by allowing an additional 1% resort tax to fund infrastructure and workforce housing. The bill defines "workforce housing" as rental housing where at least 20% of units are rent-restricted. The resort tax applies to goods and services sold by hotels, restaurants, and other establishments. The tax can only be levied if approved by a majority vote of qualified electors. The bill also outlines procedures for issuing bonds and conducting elections related to resort taxes.
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.