summary
Introduced
01/06/2023
01/06/2023
In Committee
02/17/2023
02/17/2023
Crossed Over
02/02/2023
02/02/2023
Passed
03/02/2023
03/02/2023
Dead
Signed/Enacted/Adopted
03/13/2023
03/13/2023
Introduced Session
2023 Regular Session
Bill Summary
Increase business equipment tax exemption
AI Summary
This bill increases the class eight business equipment tax exemption from $300,000 to $1 million of market value. It also provides reimbursements to local governments, tax increment financing districts, school districts, and the Montana University System to offset the loss of revenue from the increased exemption. The changes in the exemption amount and reimbursements are effective for tax years beginning after December 31, 2023.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Chapter Number Assigned (on 03/13/2023)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://laws.leg.mt.gov/legprd/LAW0210W$BSIV.ActionQuery?P_BILL_NO1=212&P_BLTP_BILL_TYP_CD=HB&Z_ACTION=Find&P_SESS=20231 |
| BillText | https://leg.mt.gov/bills/2023/HB0299/HB0212_X.pdf |
| Fiscal Note HB0212_4 | https://leg.mt.gov/bills/2023/FNPDF/HB0212_4.pdf |
| BillText | https://leg.mt.gov/bills/2023/HB0299/HB0212_3.pdf |
| Fiscal Note HB0212_3 | https://leg.mt.gov/bills/2023/FNPDF/HB0212_3.pdf |
| Fiscal Note HB0212_2 | https://leg.mt.gov/bills/2023/FNPDF/HB0212_2.pdf |
| BillText | https://leg.mt.gov/bills/2023/HB0299/HB0212_2.pdf |
| Fiscal Note HB0212_1 | https://leg.mt.gov/bills/2023/FNPDF/HB0212_1.pdf |
| BillText | https://leg.mt.gov/bills/2023/HB0299/HB0212_1.pdf |
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