summary
Introduced
02/20/2025
02/20/2025
In Committee
02/21/2025
02/21/2025
Crossed Over
Passed
Dead
05/20/2025
05/20/2025
Introduced Session
2025 Regular Session
Bill Summary
AN ACT ENTITLED: “AN ACT REVISING DISTRIBUTIONS AND ALLOCATIONS OF INTEREST FROM THE COAL SEVERANCE TAX PERMANENT FUND; APPROPRIATING A PORTION OF INTEREST TO HIGHWAY-RELATED ACCOUNTS; EXTING TERMINATION DATES FOR APPROPRIATIONS FROM THE INTEREST FROM THE COAL SEVERANCE TAX PERMANENT FUND; AMING SECTION 15-35- 108, MCA; AMING SECTION 6, CHAPTER 481, LAWS OF 2003, SECTION 3, CHAPTER 459, LAWS OF 2009, AND SECTIONS 13, 15, AND 18, CHAPTER 343, LAWS OF 2019; AND PROVIDING AN EFFECTIVE DATE.”
AI Summary
This bill revises the allocations of coal severance tax revenue and extends several termination dates. Specifically, the bill modifies how the interest income from the coal severance tax permanent fund is distributed, allocating $2 million to the Department of Justice for highway patrol officer salaries and routing the remaining funds to the Department of Transportation for highway-related purposes. The bill extends various termination dates to June 30, 2029, for several previous legislative acts related to coal severance tax distributions. The existing law already mandates that 50% of coal severance tax collections go into a constitutional trust fund, with the remainder allocated to various state accounts and programs, including library services, conservation districts, parks, and cultural projects. The key changes in this bill focus on updating the financial allocations and extending the sunset dates for these existing distribution mechanisms, ensuring continued funding for various state programs and transportation-related initiatives through the coal severance tax permanent fund's interest income.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
(H) Died in Process (on 05/20/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://bills.legmt.gov/#/laws/bill/2/LC4211 |
| State Bill Page | https://bills.legmt.gov/#/lc/bill/2/LC4211 |
| Fiscal Note HB0615_1 | https://docs.legmt.gov/download-ticket?ticketId=ed3dc673-51cf-406b-9ef3-af8295c30e99 |
| BillText | https://docs.legmt.gov/download-ticket?ticketId=560ffcb0-7c0f-4c72-99b8-27896bc189c4 |
| BillText | https://api.legmt.gov/docs/v1/documents/getContent?documentId=281722 |
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