Montana SB204 revises mill levy election laws, limiting the duration of mill levies to 10 years without voter reapproval and terminating existing.

Montana SB204 revises mill levy election laws by limiting the duration of mill levies to 10 years without voter reapproval. It mandates the termination of existing levies unless they are extended before their expiration date. The bill also specifies dates for levy terminations based on when they were last approved by voters. Additionally, it outlines provisions for the use of tax increments and the creation of subfunds for specific purposes, such as school safety and major maintenance.

Montana SB204 revises mill levy election laws, limiting the duration of mill levies to 10 years without voter reapproval and terminating existing.

Montana SB204 revises mill levy election laws by limiting the duration of mill levies to 10 years without voter reapproval. It mandates the termination of existing levies unless they are extended before their expiration date. The bill also specifies dates for levy terminations based on when they were last approved by voters. Additionally, it outlines provisions for the use of tax increments and the creation of subfunds for specific purposes, such as school safety and major maintenance.