Montana SB351 revises property tax laws to limit the state's ability to carry forward mills for certain purposes.

Montana SB351 amends property tax laws to restrict the authority to carry forward mills for specific purposes. The bill specifies that the authority to carry forward mills does not apply to certain state mills, including those imposed for school districts and newly created regional resource authorities. It also sets a retroactive applicability date and an immediate effective date upon passage and approval. The bill aims to ensure that the carry-forward of mills is limited to certain circumstances, affecting how property taxes are levied and managed in the state.

Montana SB351 revises property tax laws to limit the state's ability to carry forward mills for certain purposes.

Montana SB351 amends property tax laws to restrict the authority to carry forward mills for specific purposes. The bill specifies that the authority to carry forward mills does not apply to certain state mills, including those imposed for school districts and newly created regional resource authorities. It also sets a retroactive applicability date and an immediate effective date upon passage and approval. The bill aims to ensure that the carry-forward of mills is limited to certain circumstances, affecting how property taxes are levied and managed in the state.