Generally revise state finance laws
This bill creates the Montana Growth and Opportunity Trust to manage volatile state tax revenue. It requires annual transfers of half of unpredictable tax revenue (like capital gains) into the trust starting in 2027. The trust’s interest earnings are split: half funds five specific state accounts (disaster relief, property tax relief, water development, bridge repairs, and early childhood programs), each receiving up to $15 million yearly, while the other half is reinvested into pension funds and housing infrastructure loans. The bill directly affects state budget operations and provides dedicated funding streams for local government services, housing, and early childhood programs.
Bill status
introduced
1 of 4 stages cleared
Introduction
Nov 2024
Committee Review
Floor Vote
Governor
Introduced Nov 11, 2024
Last action Mar 29, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
10
Key actions
0
Committee
0
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
Ask Maddy
·
AI policy assistant
Ask Maddy about LC 1199
Scope: MT
Hi! I can help you understand LC 1199. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline