Bill > SB424

This bill revises the disabled veteran property tax assistance program in Montana by expanding eligibility to include veterans rated 80% to 90% disabled, in addition to the previously existing 100% disability provision. The bill modifies definitions and tax rate reduction tables for qualified veterans and their surviving spouses. Specifically, it introduces a new tiered percentage multiplier for veterans rated 80% to 90% disabled, offering them reduced property tax rates based on their income levels. The income thresholds for tax rate reductions remain the same, but now provide different percentage multipliers for 100% disabled veterans versus those rated 80% to 90% disabled. For example, in the lowest income bracket, a 100% disabled veteran would receive a 0% tax rate reduction, while an 80% to 90% disabled veteran would receive a 70% tax rate reduction. The bill also updates the definition of a "qualified veteran" to include those rated 80% disabled or higher, and provides similar adjustments for surviving spouses. The changes will apply to property tax years beginning after December 31, 2025, effectively expanding property tax assistance to a broader group of disabled veterans.

Budget and Finance

https://bills.legmt.gov/#/laws/bill/2/LC3387