Montana Title 15. Taxation § 15-6-702. State property tax assistance account

(2)(a) At the end of each fiscal year, if the balance in the account exceeds $50 million, the department shall determine the amount of property tax assistance per primary residence by subtracting the amounts listed in subsection (2)(c) and dividing the remainder by the total number of primary residences certified pursuant to 15-6-703.

(b) By August 31 of each year, the department shall distribute to each county the property tax assistance per primary residence multiplied by the number of primary residences within the county.  The county shall deposit the money in the account in which property tax revenue is held and use the distribution to provide property tax assistance pursuant to 15-6-701.

(c) The department may retain 2% of the revenue allocated to the account for administering the certification of primary residences under 15-6-703 and shall retain $100,000 for appeals granted under 15-6-705.

(a) file a financial report required by 15-1-504;

(b) remit any amounts collected on behalf of the state as required by 15-1-504;  or

(c) remit any other amounts owed to the state or another taxing jurisdiction.