Bill > HB108

This bill modifies how agricultural implements and machinery are valued for property tax purposes in Montana by eliminating the requirement that the Department of Revenue create a supplemental manual when specific agricultural equipment is not listed in an official valuation guide. Currently, the department must prepare a supplemental manual with values reflecting the same depreciation as those in an official guide when agricultural implements are not listed. Under the proposed changes, the department will no longer need to create this manual and instead will simply use a comparable wholesale value category when average wholesale values are unavailable. The bill specifically amends section 15-8-111 of the Montana Code Annotated (MCA) and will apply to tax years beginning after December 31, 2025. This change simplifies the property tax valuation process for agricultural equipment by reducing the administrative burden on the Department of Revenue and providing a more streamlined approach to determining the taxable value of agricultural implements and machinery.

Budget and Finance

https://bills.legmt.gov/#/laws/bill/2/LC0091