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Sponsor seeks new manufacturing property tax class with 1.47% multiplier
Summary
Representative Lukas Schubert told the House Tax Committee that House Bill 903 would create a new property tax class for land and improvements used for manufacturing with a 1.47% multiplier. Opponents cautioned the move could add complexity and may not yield lower rates after broader property tax changes.
Representative Lukas Schubert opened the hearing on House Bill 903 by telling the House Tax Committee the bill would create a new property tax class for manufacturing, setting a multiplier at 1.47% of market value to encourage industry to locate in Montana.
"This bill will create a new property tax class for manufacturing," Schubert said, arguing that tariff policy is returning industry to the U.S. and Montana should compete for jobs. He said the proposal excludes business…
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