Montana's House Bill 915, introduced on March 28, 2025, aims to stimulate investment in the state's fiber optic and coaxial cable infrastructure by offering a significant property tax exemption. This legislation is designed to enhance broadband access across Montana, addressing the growing demand for high-speed internet services, particularly in rural areas.

The bill proposes a phased property tax exemption for new fiber optic or coaxial cable installations, allowing owners to benefit from a 100% exemption for the first year, which gradually decreases by 20% annually over a decade. To maintain this exemption, companies must reinvest their tax savings into further infrastructure development within two years, ensuring that the costs are not passed on to consumers. However, installations funded by federal resources from the American Rescue Plan Act are excluded from this exemption.

Key provisions of the bill include strict record-keeping requirements for companies claiming the exemption, allowing state authorities to verify compliance. If a company fails to meet the investment criteria, local governments can recapture previously exempted taxes, including interest and penalties, within a ten-year window.

The introduction of HB 915 has sparked discussions among lawmakers and stakeholders. Proponents argue that the bill will significantly improve internet access, fostering economic growth and attracting new businesses to Montana. Critics, however, express concerns about the potential for abuse of the tax exemption and the long-term fiscal impact on local governments.

As Montana continues to navigate the challenges of digital connectivity, the implications of HB 915 could be far-reaching. If successful, the bill may not only enhance broadband infrastructure but also serve as a model for similar initiatives in other states. The legislative process will be closely watched as it unfolds, with potential amendments and debates likely to shape the final outcome.