Montana SB550 revises the taxation of certain telecommunications property, including fiber optic and coaxial cable.
Montana SB550 revises the taxation of class five property to include certain telecommunications property. Fiber optic or coaxial cable installed and placed in service on or after July 1, 2021, is exempt from taxation for five years, after which the exemption phases out at a rate of 20% per year. The exemption terminates after a total of 10 years. The bill also includes provisions for air and water pollution control and carbon capture equipment, and specifies procedures for certification and compliance.
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