Bill > HB17

This bill revises the terms and appointment process for the Forest Lands Taxation Advisory Committee, which plays a crucial role in determining how forest lands are valued and taxed in Montana. The committee, consisting of nine members (four appointed by legislative leaders and five appointed by the governor), will now have standardized 4-year terms, with initial appointments having staggered term lengths. Legislative leaders must appoint their members by July 1 of a regular legislative session, and if a legislative member leaves their chamber before their term ends, the original appointing leader must select a replacement. The governor will also appoint members by July 1 each year, with initial appointments having varied term lengths from 1 to 4 years. The committee's primary responsibilities remain unchanged: they will continue to review data related to forest land productivity, recommend adjustments to valuation methods, verify income calculations for different forest zones, and report biennially to the revenue interim committee. The bill aims to provide more structured and consistent appointment procedures for this important advisory committee, which helps ensure fair and accurate forest land taxation in Montana. The bill takes effect immediately upon passage and approval.

Budget and Finance

https://bills.legmt.gov/#/laws/bill/20251/LC0079