SENATE BILL NO. 500
INTRODUCED BY D. BERRY
AN ACT INCREASING FROM 4 PERCENT TO 10 PERCENT OF TAXABLE VALUATION THE MAXIMUM AMOUNT THAT MAY BE MAINTAINED BY A CITY OR TOWN BY USE OF A SPECIAL TAX IN A FIRE DEPARTMENT DISABILITY AND PENSION FUND; PROVIDING FOR SUBMITTING A TAX INCREASE TO THE ELECTORATE OF CITIES AND TOWNS UNDER CERTAIN CONDITIONS; AMENDING SECTIONS 19-18-503 AND 19-18-504, MCA; AND PROVIDING A DELAYED EFFECTIVE DATE.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:
Section 1. Section 19-18-503, MCA, is amended to read:
"19-18-503. Special tax levy for fund required. (1) The purpose of this section is to provide a means by which each disability and pension fund may be maintained at a level equal to at least 4% but no more than 10% of the taxable valuation of all taxable property within the limits of the city or town.
(2) Whenever the fund contains less than 4% of the taxable valuation of all taxable property within the limits of the city
or town, the governing body of the city or town shall, at the time of the levy of the annual tax, levy a special tax as provided
in 19-18-504. The special tax must be collected as other taxes are collected and, when so collected, must be paid into the
disability and pension fund.
(3) If a special tax for the disability and pension fund is levied by a third-class city or town using the all-purpose mill levy, the special tax levy must be made in addition to the all-purpose levy."
Section 2. Section 19-18-504, MCA, is amended to read:
"19-18-504. Amount of special tax levy. Whenever the fund contains an amount which that is less than 4% of the
taxable valuation of all taxable property in the city or town, the city or town council shall levy an annual special tax of not
less than 1 mill and not more than 4 mills on each dollar of taxable valuation of all taxable property within the city or town.
When the fund contains an amount that is less than 10% but more than 4% of the taxable valuation of all taxable property in
the city or town, the city or town council may, if authorized by the voters, levy an annual special tax of not less than 1 mill
and not more than 4 mills on each dollar of taxable valuation."
Section 3. Effective date. [This act] is effective January 1, 2000.
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Latest Version of SB 500 (SB0500.ENR)
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