Montana SB558 would establish a statewide sales tax to replace school property taxes.

Montana SB558 would establish a general statewide sales tax to replace school property taxes. The bill provides for the collection and distribution of sales tax revenue, exempts certain items and services from the tax, and outlines procedures for tax collection by out-of-state retailers. The tax revenue would be deposited into the School Equalization and Property Tax Reduction Account, which funds school districts. The bill also repeals existing school property tax mill levies.

Montana SB558 would establish a statewide sales tax to replace school property taxes.

Montana SB558 would establish a general statewide sales tax to replace school property taxes. The bill provides for the collection and distribution of sales tax revenue, exempts certain items and services from the tax, and outlines procedures for tax collection by out-of-state retailers. The tax revenue would be deposited into the School Equalization and Property Tax Reduction Account, which funds school districts. The bill also repeals existing school property tax mill levies.