The Revenue Interim Committee will hold its next meeting on September 24-25 in Room 317 of the Capitol building. The HJ 35 Tax Study Committee, which consists of all members of the Revenue Interim Committee and six members of the public, will meet beginning at 9:30 a.m. on September 24 and continuing at 8:00 a.m. on September 25. The portion of the Revenue Interim Committee meeting covering committee business other than the HJ 35 study will start at 10:45 a.m. on September 25. Meeting materials are now posted on the committee website.

The Revenue Interim Committee will devote much of its time this interim to the HJ 35 study of state and local tax policy. The preliminary approach to the study is to use the National Conference of State Legislature’s Principles for Evaluating State Tax Sources to review the Montana state and local tax systems. The Committee will use the information gained from the evaluation to focus the study and develop a study plan by the end of the next committee meeting. Agenda items will focus on each of the eight principles, and interested parties are encouraged to participate by offering public comment.

The second day of the Revenue Interim Committee meeting will focus on the committee’s other assigned duties including: consideration of tax credit review criteria for the new duty to review income tax credits; a Legislative Fiscal Division presentation on the FYE 2019 financial report as part of the committee’s revenue monitoring duties; and updates from the Department of Revenue on informal property valuation appeals, newly taxable values from the recent reappraisal, and major tax litigation involving the state.

The meeting will be live streamed at http://leg.mt.gov and will be broadcast on the Montana Public Affairs Network (MPAN.) For more information about the meeting, including a full agenda, visit the committee’s website or contact Megan Moore, committee staff.

Committee Website:  https://www.leg.mt.gov/committees/interim/2019rvic/
Committee Staff: Megan Moore, memoore@mt.gov or 406-444-4496