Montana 2025 Regular Session

Montana House Bill HB327

Introduced
1/28/25  
Refer
1/29/25  

Caption

Legislative referendum on state surplus revenue

Impact

The impact of this bill on state laws would be significant, as it seeks to establish a means for the legislature to systematically provide tax relief to residents based on fluctuating state revenues. If passed, this legislation would require amendments to Title 15, which concerns taxation in Montana. The proposal mandates that the act be subject to voter approval during the general election scheduled for November 2026, indicating a direct linkage between legislative action and public consent in state fiscal policies.

Summary

House Bill 327 proposes a program whereby the Montana Legislature could enact income tax refunds for resident taxpayers if the state experiences excess revenue. This initiative aims to allow the legislature to return surplus funds to taxpayers, thereby potentially enhancing public support and trust in state fiscal management. The bill outlines that the structure of such refunds would depend on various factors, including the triggering revenue threshold, calculation methods, eligibility criteria, and distribution mechanisms for the refunds.

Sentiment

General sentiment surrounding HB 327 is likely to be mixed, as it introduces a concept that appeals to taxpayers looking for relief in times of surplus. Proponents may argue that this could instill a sense of fiscal responsibility and accountability in government operations, while opponents could raise concerns about the sustainability of such a program and its implications for other funding priorities within the state budget. The public's varying views on taxation and government spending are expected to influence the debate as the election approaches.

Contention

Notable points of contention may arise regarding the thresholds set for determining surplus revenue and the mechanisms for calculating and distributing refunds. Critics may question the feasibility and fairness of the proposed tax refund system, with some fearing that it could lead to irregularities or favoritism in tax refund disbursements. Additionally, as a legislative referendum necessitating voter approval, the campaign surrounding the bill could spark significant political discourse in Montana, focusing on the role of taxation and state spending.

Companion Bills

No companion bills found.

Previously Filed As

MT HB816

Revise distribution of surplus revenue

MT HB192

Use surplus revenue for income tax and property tax refunds and payment of bonds

MT SB514

Provide for individual income tax refunds of surplus revenue

MT HB919

Constitutional amendment to refund excess general fund revenue

MT HB369

Require referendum to adopt growth policy

MT HB842

Revise allocation of marijuana tax revenue for psychiatric opportunity zones

MT HB307

Provide for tax rebate

MT SB526

Constitutional referendum personhood amendment

MT SB515

Constitutional referendum on redistricting

MT HB222

Provide rebates of property taxes paid on a principal residence

Similar Bills

No similar bills found.