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Bill would treat nonprofit leases of agricultural land as taxable unrelated business income
Summary
Senate Bill 99 would require tax-exempt organizations to treat rental income from agricultural leases as unrelated business taxable income beginning in tax year 2026, sponsor Sen. Becky Beard told the House Taxation Committee.
Senate Bill 99 would require tax-exempt organizations in Montana to treat rental income from the leasing of agricultural property as unrelated business taxable income beginning in tax year 2026, with collections likely in fiscal year 2027, sponsor Sen. Becky Beard told the House Taxation Committee during a hearing.
Supporters said the change would prevent some nonprofits from gaining an unfair competitive advantage over private ranchers. "It seems incompatible that a group whose purpose is to create a nature preserve and eliminate ranching on an area ... could claim that those same ranching activities are part of their exempt purpose," Charles Denow, representing United Property…
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