Additional Bill Links PDF (with line numbers)
HOUSE BILL NO. 630
INTRODUCED BY S. MORIGEAU, D. ZOLNIKOV
A BILL FOR AN ACT ENTITLED: "AN ACT EXEMPTING VIRTUAL CURRENCIES FROM PROPERTY TAXATION; AMENDING SECTION 15-6-204, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE."
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:
Section 1. Section 15-6-204, MCA, is amended to read:
"15-6-204. Money and credits exemption. (1) Money and credits are exempt from taxation.
(2) Money and credits are, for the purposes of this section, all money and all credits secured and unsecured, including all state, county, school district, and other municipal bonds, warrants, and securities, without any deduction or offset.
(3) (a) Virtual currencies are exempt from taxation.
(b) Virtual currencies are, for the purposes of this section, any type of digital representation of value that:
(i) is used as a medium of exchange, unit of account, or store of value; and
(ii) is not recognized as legal tender by the United States government."
NEW SECTION. Section 2. Effective date. [This act] is effective on passage and approval.
- END -
Latest Version of HB 630
(HB0630.02)
Processed for the Web on March 25, 2019 (4:48pm)
New language in a bill appears underlined, deleted material appears stricken.
Sponsor names are handwritten on introduced bills, hence do not appear on the bill until it is reprinted.
See the status of this bill for the bill's primary sponsor.
Status of this Bill | 2019 Legislature | Leg. Branch
Home
All versions of this bill (PDF
format)
Authorized print version of this bill w/line
numbers (PDF format)
[ NEW
SEARCH ]
Prepared by Montana
Legislative Services
(406) 444-3064