15-1-409. Exclusion of property subject to property tax protest -- guarantee tax base -- tax refund. - Montana Statutes

     15-1-409. Exclusion of property subject to property tax protest -- guarantee tax base -- tax refund. (1) A school district that has property subject to pending property tax protests shall, prior to February 1 of each year, elect whether to waive the school district's right to receive its portion of protested taxes for the previous year.
     (2) If the school district elects to waive its right to its portion of the protested taxes, the district's guaranteed tax base aid calculated under 20-9-366 must be determined based on the total taxable value of property in the school district that is not subject to a tax protest. Upon settlement or other resolution of the protest, the department is responsible for refunding protested taxes or paying any other costs due the protesting taxpayer and retaining any portion of protested taxes that would have been distributed to the school district for each year the school district has elected to waive receiving its portion of the protested taxes.

     History: En. Sec. 1, Ch. 344, L. 2009.