Bill > SB333

This bill extends the sunset date for certain coal severance tax credits related to coal washing, specifically maintaining the provisions until July 1, 2027. The bill amends previous legislative chapters to remove the termination date for specific amendments that define "coal washing" and revise the definition of "contract sales price" in the context of coal severance tax credits. Additionally, the bill requires the secretary of state to send a copy of the act to each federally recognized tribal government in Montana and takes effect immediately upon passage and approval. The coal washing credit is a tax benefit for coal mining operations that process coal to improve its quality or reduce impurities before sale, and this bill ensures that the current definition and related tax provisions remain in place for several more years, providing continued support for the coal industry in Montana.

Budget and Finance, Transportation and Infrastructure

https://bills.legmt.gov/#/laws/bill/2/LC1507