Bill > SB274

This bill revises the disabled veteran property tax assistance program by expanding eligibility to veterans rated 60% to 90% disabled, in addition to the existing 100% disabled veterans. The bill modifies definitions in two key sections of Montana Code, specifically changing the definition of a "qualified veteran" to include those with disability ratings of 60% or higher, instead of only 100% disabled veterans. The tax rate reduction for qualifying veterans will now have different percentage multipliers based on income levels and disability rating: 100% disabled veterans will maintain their current tax reduction schedule, while veterans with 60% to 90% disability will receive a slightly lower percentage reduction. For surviving spouses, similar income-based and disability-rated tax reduction tables are created. The bill also introduces an annual adjustment mechanism using the Personal Consumption Expenditures (PCE) price index to update income levels, ensuring the program keeps pace with inflation. The legislation will become effective upon passage and will apply to property tax years beginning after December 31, 2025, providing disabled veterans with broader property tax relief opportunities.

Budget and Finance

https://bills.legmt.gov/#/laws/bill/2/LC1933