Bill > HB874

This bill extends property tax rebate eligibility to certain entities that did not previously receive rebates for tax years 2022 and 2023. Specifically, the bill allows single-family dwelling units, manufactured homes, and mobile homes owned by an entity to claim a rebate if they did not receive one before the bill's effective date. The rebate amount remains $500 or the total property taxes paid, whichever is less, for each tax year. Claimants must submit their rebate claim electronically or by mail by October 1, 2025, and will need to provide specific information such as property identifiers and social security numbers. The bill modifies existing law to create this new eligibility pathway for entities, ensuring that properties that were previously ineligible can now receive the tax rebate. The rebate program is funded through a statutory appropriation from the general fund, and the entire program is set to terminate on June 30, 2026. This change aims to provide tax relief to a broader range of property owners who may have been inadvertently excluded from previous rebate opportunities.

Budget and Finance

https://bills.legmt.gov/#/laws/bill/2/LC4316