Montana SB343 would revise coal severance tax allocations to increase the Coal Severance Tax Permanent Fund.

Montana SB343 proposes changes to the distribution of coal severance tax revenue. It increases the allocation to the Coal Severance Tax Permanent Fund, while reducing allocations to other accounts. Specifically, 50% of coal severance tax collections would go to the Coal Severance Tax Permanent Fund, with the remaining 50% distributed to various state programs and accounts. The bill also specifies allocations for agriculture, conservation, library services, and cultural projects. The changes would take effect starting July 1, 2027.

Montana SB343 would revise coal severance tax allocations to increase the Coal Severance Tax Permanent Fund.

Montana SB343 proposes changes to the distribution of coal severance tax revenue. It increases the allocation to the Coal Severance Tax Permanent Fund, while reducing allocations to other accounts. Specifically, 50% of coal severance tax collections would go to the Coal Severance Tax Permanent Fund, with the remaining 50% distributed to various state programs and accounts. The bill also specifies allocations for agriculture, conservation, library services, and cultural projects. The changes would take effect starting July 1, 2027.