Montana - SB 327 - 2017

Increasing the class eight business equipment tax exemption; providing a reimbursement to local governments and tax increment financing districts under the entitlement share payment, to school districts through the block grant program, to the county school retirement fund and the county transportation reimbursement, and to the Montana university system for the loss of class eight and class twelve property tax revenue; amending Sections 15-1-123 and 15-6-138, MCA; and providing a delayed effective date.

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Regulatory

Added On: 04-03-2017
Updated On: 06-09-2017
Status: Introduced
Primary Sponsor: Roger Webb (Senate/Republican)





Actions (27)

  • 11-17-2016 - Draft Request Received
  • 11-30-2016 - Draft On Hold
  • 02-10-2017 - Draft Taken Off Hold
  • 02-10-2017 - Draft to Requester for Review
  • 02-10-2017 - Fiscal Note Probable
  • 02-13-2017 - Draft in Legal Review
  • 02-13-2017 - Draft in Edit
  • 02-18-2017 - Draft to Drafter - Edit Review [CMD]
  • 02-20-2017 - Executive Director Review
  • 02-20-2017 - Draft in Assembly
  • 02-20-2017 - Executive Director Final Review
  • 02-20-2017 - Draft Ready for Delivery
  • 02-20-2017 - Bill Draft Text Available Electronically
  • 02-20-2017 - Draft in Input/Proofing
  • 02-20-2017 - Draft in Final Drafter Review
  • 02-22-2017 - Introduced
  • 02-22-2017 - Fiscal Note Requested
  • 02-22-2017 - Introduced Bill Text Available Electronically
  • 02-22-2017 - Draft Delivered to Requester
  • 02-23-2017 - First Reading
  • 02-23-2017 - Referred to Committee
  • 03-06-2017 - Fiscal Note Received
  • 03-08-2017 - Fiscal Note Printed
  • 03-09-2017 - Hearing
  • 03-24-2017 - Tabled in Committee
  • 03-31-2017 - Missed Deadline for Revenue Bill Transmittal
  • 04-28-2017 - Died in Standing Committee

News (1)

Proposal would halve the number of businesses paying equipment tax - The Missoulian
Published by missoulian.com
Thu, 09 Mar 2017 22:09:13 GMT

SB 327 would raise the exemption from $100,000 in taxable value to $350,000. It would reduce the number of businesses paying anything from about 7,000 to 3,500 and amounts to an estimated tax cut of $12 million in 2018-19. The state would reimburse ...

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