HB 587 - Reduces School Funding and Property Taxes - Montana Key Vote

Stage Details

See How Your Politicians Voted

Title: Reduces School Funding and Property Taxes

Vote Smart's Synopsis:

Vote to concur with house passage and further amend a bill that reduces public school funding and property taxes.

Highlights:

  • Restructures school finance laws (Sec. 1). 

  • Establishes a school equalization and property tax reduction account in the state special revenue fund (Sec. 1). 

  • Requires that revenue from the school equalization levies is deposited in the account (Sec. 1). 

  • Specifies that adjustments may occur based on total revenue (Sec. 1). 

  • Requires the county retirement GTB modifier to help reduce property taxes (Sec. 1). 

  • Establishes a cap on GTB adjustments from Cannabis revenue (Sec. 1).

Title: Reduces School Funding and Property Taxes

arrow_upward