summary
Introduced
02/16/2021
02/16/2021
In Committee
03/15/2021
03/15/2021
Crossed Over
03/12/2021
03/12/2021
Passed
03/30/2021
03/30/2021
Dead
Signed/Enacted/Adopted
04/19/2021
04/19/2021
Introduced Session
2021 Regular Session
Bill Summary
Revise property tax exemptions for affordable housing
AI Summary
This bill revises property tax exemptions for affordable housing. It amends existing law to provide a property tax exemption for residential rental property that is dedicated to providing affordable housing for lower-income tenants, as long as certain conditions are met, such as the property being owned and operated by a nonprofit organization or housing authority, and having low-income housing tax credits allocated to it. The bill also allows for a property tax exemption for affordable housing owned and operated by a nonprofit organization and constructed using federal home investment partnerships program grants. The bill applies to tax years beginning after December 31, 2021.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Chapter Number Assigned (on 04/19/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://laws.leg.mt.gov/legprd/LAW0210W$BSIV.ActionQuery?P_BILL_NO1=432&P_BLTP_BILL_TYP_CD=HB&Z_ACTION=Find&P_SESS=20211 |
| BillText | https://leg.mt.gov/bills/2021/HB0499/HB0432_X.pdf |
| Fiscal Note HB0432_1 | https://leg.mt.gov/bills/2021/FNPDF/HB0432_1.pdf |
| BillText | https://leg.mt.gov/bills/2021/HB0499/HB0432_1.pdf |
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