Bill

Bill > HB858


MT HB858

Revise coal severance tax coal washing credit


summary

Introduced
03/24/2025
In Committee
04/01/2025
Crossed Over
Passed
Dead
05/20/2025

Introduced Session

2025 Regular Session

Bill Summary

AN ACT ENTITLED: “AN ACT REVISING THE COAL SEVERANCE TAX COAL WASHING CREDIT; EXTING THE TERMINATION DATE OF THE CREDIT; AMING SECTION 7, CHAPTER 433, LAWS OF 2009, AND SECTION 352, CHAPTER 1, LAWS OF 2015; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE.”

AI Summary

This bill extends the termination date for two specific amendments related to the coal severance tax coal washing credit in Montana. The bill changes the existing law to push back the expiration date of amendments defining "coal washing" and revising the definition of "contract sales price" from July 1, 2017, to July 1, 2027 (in the first section) and from July 1, 2017, to July 1, 2025, and then to July 1, 2027 (in the second section). Additionally, the bill requires the secretary of state to send a copy of the act to each federally recognized tribal government in Montana and specifies that the act becomes effective immediately upon passage and approval. The changes appear to be technical amendments related to tax credits for coal processing, extending the period during which certain definitional changes and tax credit provisions remain in effect.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

(H) Died in Process (on 05/20/2025)

bill text


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