HB 919 is an act designed to implement provisions of House Bill No. 2. It amends state law regarding the Board of Investments, which is responsible for managing public funds. The bill requires the Board of Investments to perform its duties within a restricted fiduciary fund type, subject to specific state law restrictions. This change aims to ensure that the board manages investments under stricter guidelines for the responsible handling of funds.
HB 334 sought to revise laws concerning disaster and emergency funding. The bill proposed to increase the statutory appropriation available to the Governor's office for declared emergencies from $16 million to $22 million per two-year period, effective July 1, 2025. It also would have allowed the Department of Military Affairs to use up to $3 million annually from this fund for disaster and emergency services activities, such as planning, training, and response, without a formal governor's declaration. Unspent funds at the end of each biennium would continue to be transferred to the fire suppression account.
HB 827 aimed to revise the taxation of Social Security benefits at the state level in Montana. The bill proposed to modify how the federal calculation for taxing Social Security benefits is applied when determining an individual's state income tax. This change would have directly affected Montana residents receiving Social Security benefits by potentially altering the portion of those benefits subject to state income tax. The bill included provisions for a delayed effective and applicability date.
House Bill 700 (HB 700) proposes to shorten the maximum amortization period for statewide defined benefit public employee retirement systems from 30 years to 25 years. This change directly affects the funding requirements for various public employee retirement plans, including those for general public employees, judges, highway patrol officers, sheriffs, police officers, firefighters, and teachers. The bill specifies that contributions must be sufficient to cover future benefits and amortize unfunded liabilities over this shorter 25-year period. Additionally, it establishes that no new benefits can be added to these systems unless they can amortize within 25 years or less and are projected to be fully funded.
HB 812 aimed to revise state unemployment laws specifically concerning nonprofessional employees of educational institutions. Currently, employees in educational settings are generally denied unemployment benefits between academic terms if they have a reasonable assurance of returning to work. This bill proposed to allow nonprofessional employees of educational institutions to claim unemployment benefits during these interim periods, in alignment with federal law. The change would have enabled these specific workers to receive unemployment compensation during breaks when they might otherwise be ineligible.
HB 310 proposed establishing a state matching grant program to increase community shelter capacity for the homeless population. Administered by the Department of Public Health and Human Services, these grants would help local governments and eligible nonprofit organizations. The funds would specifically target services for senior citizens, veterans, survivors of domestic violence, youth transitioning from foster care, and individuals with mental health or substance use disorders. Applicants would be required to provide matching funds and collaborate with existing homelessness service providers. The bill appropriated $2 million from the general fund for the program, which was set to operate from July 2025 to June 2027.
HB 370 proposed to appropriate $65 million from the state's general fund. This funding was designated as a one-time supplemental contribution to the Montana Highway Patrol Officers' Retirement System pension fund. The bill aimed to address a reported unfunded liability within the pension system. If enacted, it would have directly affected the financial stability of the pension fund for current and retired Montana Highway Patrol officers and their beneficiaries, with an effective date of July 1, 2025.
HB 376 would have required state agencies to provide information requested by legislators within 5 legislative days during a session. If an agency failed to respond, a legislator could file a complaint with the appropriations committee. This committee would then hold a hearing and could vote to reduce the agency's budget by up to 5%. The hearing's outcome would be shared with the Governor, Senate President, and House Speaker, allowing for potential disciplinary action against the agency director.
HB 429, titled the "Inflation Protection Act of 2025," proposed creating a new state special revenue account within the state special revenue fund. This account would be initially funded by a $50 million transfer from the state's general fund by July 15, 2025, with additional funding from future legislative transfers. The bill authorized the Board of Investments to invest the funds in this account in precious metals, digital assets, and stablecoins. Any proceeds generated from these investments would remain within the account, affecting the state's financial management and investment strategies.
HB 326, titled the "State Energy Resource Severance Act," would establish a new 10% tax on the sale price of electrical energy produced in the state. This tax would apply to electricity generated from sources such as water, wind, and solar, but specifically exempts coal-fired electrical generation. The bill also reduces the existing coal severance tax rate to match this new electrical energy production tax rate. Revenue from this new tax would be allocated to special accounts, primarily for local government infrastructure projects traditionally funded by coal.