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Revenue &Transportation Interim Committee August Update


Posted Date: 
August 1, 2012
Contact: 
Megan Moore, Committee Staff

RTIC Wraps Up Interim Studies, Requests Two Bill Drafts

The Revenue and Transportation Interim Committee requested bill drafts related to property tax exemptions and property tax reappraisal when it met July 19-20 in Helena.

As part of its Senate Joint Resolution 23 study of tax exemptions for nonprofit organizations, the committee asked for a bill draft requiring the Department of Revenue to review the exempt status of nonprofits with property tax exemptions. The department also would be required to make available a list of exempt properties. The committee will review the bill draft at its September meeting.

The committee also asked staff to draft a bill to replace the current 6-year appraisal cycle for class 3, 4, and 10 property with one 2-year cycle, to then be followed by annual reappraisal. That bill draft also will be reviewed in September.

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Megan Moore | 406-444-4496 | memoore@mt.gov