MontanaMontana draft addresses taxes on veterans’ trust property
The draft concerns a tax exemption for certain veterans’ funds held by guardians, with its stated applicability beginning in property tax years after 2027.
What it does
The draft text includes a tax exemption for certain veterans’ funds and property derived from them while held by a legal guardian. The available text does not make clear whether the draft keeps or removes this rule.
Argument forIf the draft removes this exemption, taxing these funds may treat them more like other property held by a guardian.
Argument againstIf the draft removes this exemption, guardians may have to pay property taxes on veterans’ funds held for them.
More detail
The draft text includes a rule exempting certain property held by guardians from taxation. The rule covers property held by legal guardians of veterans found incompetent and of the veterans’ minor dependents. The exemption applies to money received from the United States as a veteran’s pension, compensation, insurance, adjusted compensation, or gratuity, and property derived from that money. The stated applicability date covers property tax years beginning after December 31, 2027.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Nov 3(LC) Draft Ready for DeliveryLatest
- Oct 6(LC) Draft in Assembly
- Oct 6(LC) Draft in Final Drafter Review
- Sep 30(LC) Draft in Input/Proofing
- Sep 17(LC) Draft in Edit
- Sep 17(LC) Draft in Legal Review
- Sep 17(LC) Drafter AssignedIntroduced
Taxes & BudgetVeterans