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Revenue &Transportation Interim Committee September Update


Posted Date: 
September 7, 2012
Contact: 
Megan Moore, Committee Staff

RTIC to Consider Bill Drafts in September

The Revenue and Transportation Interim Committee will meet Sept. 13-14 in Helena to receive a fiscal year-end summary, hear information related to the committee’s revenue estimating duties, and wrap up of work on the three studies assigned to the committee. Members also will review agency requested bill drafts and committee-requested bill drafts.

Principal Fiscal Analyst Terry Johnson will present highlights from the fiscal year that ended June 30. At its July meeting, the committee had requested that educational items related to the revenue estimate be presented at the September meeting, rather than waiting until the November meeting as has been done in the past. IHS Global Insights will present an economic outlook for Montana and the United States. Other speakers will include Paul Polzin of the University of Montana Bureau of Business and Economic Research and Barbara Wagner of the Department of Labor and Industry.

The committee will complete work on its three assigned studies by taking action on the final report summaries for each study. Staff presented reports for the House Joint Resolution 13 study of the individual income tax and the Senate Joint Resolution 23 study of tax exemptions for nonprofits at the July meeting. The updated reports include items that the committee’s presiding officer asked be added to the reports. The SJR 23 report also includes a reference to a committee requested bill draft that will be presented at this month’s meeting. The draft bill directs the Department of Revenue to review property tax exemptions for nonprofits and to create a publicly accessible list of exempt property. The report for the SJR17 study of centrally assessed and industrial properties also will be presented.

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