Montana SB32 revises property tax laws, adjusting tax rates for various classes of property and defining new categories.

Montana SB32 generally revises property tax laws by revising tax rates for certain classes of property and providing new definitions. It defines categories such as "green hydrogen facility," "green hydrogen pipeline," and "green hydrogen storage system." The bill also revises local government levy limits, allowing a governmental entity to impose the fiscal year 2025 mill levy plus an inflation adjustment. It amends several sections of the Montana Code Annotated to reflect these changes, including sections 15-6-132 through 15-6-163 and 15-10-420.

Montana SB32 revises property tax laws, adjusting tax rates for various classes of property and defining new categories.

Montana SB32 generally revises property tax laws by revising tax rates for certain classes of property and providing new definitions. It defines categories such as "green hydrogen facility," "green hydrogen pipeline," and "green hydrogen storage system." The bill also revises local government levy limits, allowing a governmental entity to impose the fiscal year 2025 mill levy plus an inflation adjustment. It amends several sections of the Montana Code Annotated to reflect these changes, including sections 15-6-132 through 15-6-163 and 15-10-420.