Montana § 15-1-124 Reimbursement For Loss Of Revenue From Certain Fixed Mill Levies

Montana Statutes

§ 15-1-124 — Reimbursement For Loss Of Revenue From Certain Fixed Mill Levies

Montana·Title 15 TAXATION·Ch. 1 TAX ADMINISTRATION·Part 1 General Provisions

15-1-124 . (Effective on occurrence of contingency -- temporary) Reimbursement for loss of revenue from certain fixed mill levies.

(1)The department shall reimburse each taxing entity as provided in this section for the revenue loss resulting from the tax rate reductions in 15-6-134 as amended by Chapter 767, Laws of 2025, for the following levies:

(a)levies of a local government with a charter form of government that includes a mill levy limit of a specific number of mills that may be imposed in the charter; and

(b)levies stated as a specific mill levy authorized by voters before the date that the department of revenue certifies to the code commissioner that a court of final disposition finds that 15-6-401 is invalid.

(2)(a) For fiscal year 2026, the reimbursement must be equal to the

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15-1-124 . (Effective on occurrence of contingency -- temporary) Reimbursement for loss of revenue from certain fixed mill levies. (1) The department shall reimburse each taxing entity as provided in this section for the revenue loss resulting from the tax rate reductions in 15-6-134 as amended by Chapter 767, Laws of 2025, for the following levies:
(a) levies of a local government with a charter form of government that includes a mill levy limit of a specific number of mills that may be imposed in the charter; and
(b) levies stated as a specific mill levy authorized by voters before the date that the department of revenue certifies to the code commissioner that a court of final disposition finds that 15-6-401 is invalid.
(2) (a) For fiscal year 2026, the reimbursement must be equal to the difference between the property tax revenue collected from the levies provided for in subsection (1) and the property tax revenue collected in fiscal year 2025. After fiscal year 2026, the reimbursement must be equal to the difference between the property tax revenue collected from the levies provided for in subsection (1) and the property tax revenue that would be collected in the current fiscal year using the mill levy that would raise the fiscal year 2025 tax revenue using the fiscal year 2026 taxable value.
(b) A reimbursement pursuant to this section must include any fines, penalties, or damages resulting from a judgment levy against the taxing entity in levying property taxes in accordance with 15-6-401 .
(3) A taxing entity eligible to receive a reimbursement under this section shall report the loss in revenue from the tax rate reductions in 15-6-134 as amended by Chapter 767, Laws of 2025, and any amount reimbursable under subsection (2)(b) to the department of revenue.
(4) A reimbursement provided for in this section may only be made for 4 years after the date that the department of revenue certifies to the code commissioner that a court of final disposition finds that 15-6-401 is invalid.
(5) The department shall distribute the reimbursements with the entitlement share payments under 15-1-121 (7). (Terminates on occurrence of contingency--sec. 31, Ch. 767, L. 2025.)

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