Montana Title 15. Taxation § 15-1-124. Reimbursement for loss of revenue from certain fixed mill levies

(a) levies of a local government with a charter form of government that includes a mill levy limit of a specific number of mills that may be imposed in the charter;  and

(b) levies stated as a specific mill levy authorized by voters before the date that the department of revenue certifies to the code commissioner that a court of final disposition finds that 15-6-401 is invalid.

(2)(a) For fiscal year 2026, the reimbursement must be equal to the difference between the property tax revenue collected from the levies provided for in subsection (1) and the property tax revenue collected in fiscal year 2025.  After fiscal year 2026, the reimbursement must be equal to the difference between the property tax revenue collected from the levies provided for in subsection (1) and the property tax revenue that would be collected in the current fiscal year using the mill levy that would raise the fiscal year 2025 tax revenue using the fiscal year 2026 taxable value.

(b) A reimbursement pursuant to this section must include any fines, penalties, or damages resulting from a judgment levy against the taxing entity in levying property taxes in accordance with 15-6-401.