2001 Montana Legislature

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SENATE BILL NO. 496

INTRODUCED BY B. GLASER, R. BROWN, BERRY, DEPRATU, ELLIS, FORRESTER, MAHLUM, MATTHEWS, MCNUTT, SHEA, SPRAGUE, STEINBEISSER, TAYLOR



A BILL FOR AN ACT ENTITLED: "AN ACT EXEMPTING NEW ENERGY STORAGE TANKS FACILITIES FROM PROPERTY TAXATION FOR A CERTAIN PERIOD OF TIME; AND PROVIDING A DELAYED AN IMMEDIATE EFFECTIVE DATE AND A TERMINATION DATE."



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:



     NEW SECTION.  Section 1.  Property tax exemption for installation of energy storage tanks FACILITIES. (1) A 30,000 gallon AN 18,000-GALLON or larger energy storage tank FACILITY installed after [the effective date of this act] is exempt from property taxation for 5 years starting from the date of the energy storage tank's FACILITY'S installation.

     (2)  For (A) EXCEPT AS PROVIDED IN SUBSECTION (2)(B), FOR the purposes of this section, "energy storage tank FACILITY" means a tank ONE OR MORE TANKS that stores STORE, FOR USE IN THE STATE OF MONTANA:

     (a)(I)  liquid petroleum or other liquid fuels, including but not limited to gasoline, diesel, or ethanol;

     (b)(II)  natural or synthetic fuel gas; or

     (c)(III)  liquid petroleum gas.

     (B) THE TERM DOES NOT INCLUDE AN ENERGY STORAGE TANK FACILITY FROM WHICH AN OWNER OR OPERATOR EXCLUSIVELY SELLS GASOLINE, DIESEL, OR NATURAL SYNTHETIC FUELS TO RETAIL CUSTOMERS.



     NEW SECTION.  Section 2.  Codification instruction. [Section 1] is intended to be codified as an integral part of Title 15, chapter 6, part 2, and the provisions of Title 15, chapter 6, part 2, apply to [section 1].



     NEW SECTION.  Section 3.  Effective date. [This act] is effective January 1, 2002 ON PASSAGE AND APPROVAL.



     NEW SECTION.  Section 4.  Termination. [This act] terminates December 31, 2010.

- END -




Latest Version of SB 496 (SB0496.03)
Processed for the Web on March 16, 2001 (4:54PM)

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