Bill > LC1724

This bill proposes to eliminate the sunset provision on the Montana university system six mill levy, which means it would permanently remove the expiration date previously set in Chapter 73, Laws of 2017. A mill levy is a property tax where one mill represents $1 of tax for every $1,000 of assessed property value. In this context, the six mill levy specifically refers to a property tax that provides ongoing funding for Montana's university system. By repealing the sunset clause in the original 2017 law, the bill ensures that this tax levy will continue indefinitely, providing a stable and consistent source of funding for higher education institutions in the state without the need for future legislative renewal.

https://bills.legmt.gov/#/lc/bill/2/LC1724