Bill > HB29

This bill requires the Montana Department of Revenue to establish a comprehensive review and transparency program for property tax exemptions. The department must conduct a review of all exempt properties that require an application at least once every 8 years, ensuring ongoing assessment of tax exemption eligibility. Biennially, the department must report to the revenue interim committee detailed information about the review process, including the number of properties reviewed, types of exemptions, the number of exemptions granted and denied, and the estimated market and taxable values of those exemptions. Additionally, the bill mandates that the department maintain a public database of tax-exempt real properties, which will include detailed information such as county location, owner name and address, property legal description, exempt area size, property address, exemption type, and any other relevant details. This public information will be organized by county and exemption type, creating a transparent and accessible map of tax-exempt parcels. The department is also granted authority to adopt rules to implement this new exempt property review process, which will be integrated into existing property tax exemption laws.

Budget and Finance

https://bills.legmt.gov/#/laws/bill/20251/LC0078