Bill
Bill > HB386
summary
Introduced
02/04/2019
02/04/2019
In Committee
02/21/2019
02/21/2019
Crossed Over
02/20/2019
02/20/2019
Passed
03/25/2019
03/25/2019
Dead
Signed/Enacted/Adopted
04/18/2019
04/18/2019
Introduced Session
2019 Regular Session
Bill Summary
Revising the procedure for cancelling delinquent taxes on commercial property
AI Summary
This bill revises the procedure for cancelling delinquent taxes on commercial property. Specifically, it allows the governing body of a county or consolidated local government unit to suspend the collection of delinquent property taxes on commercial property to facilitate the purchase and continued operation of a business utilizing the commercial property, if the property has not been used in a business for 6 months prior. The governing body can also grant a subordination of the suspended tax lien to the purchaser's financing, and upon the request of the purchaser, can cancel the collection of the suspended delinquent property taxes after holding a public hearing and determining that it is in the best interest of the public.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Chapter Number Assigned (on 04/19/2019)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://laws.leg.mt.gov/legprd/LAW0210W$BSIV.ActionQuery?P_BILL_NO1=386&P_BLTP_BILL_TYP_CD=HB&Z_ACTION=Find&P_SESS=20191 |
| BillText | https://leg.mt.gov/bills/2019/HB0399/HB0386_x.pdf |
| BillText | https://leg.mt.gov/bills/2019/HB0399/HB0386_1.pdf |
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