AMESTOY CONSULTING, LLC
2009
LEGISLATIVE SESSION
WEEK
ELEVEN
(March 15,
2009 – March 21, 2009)
During
Week Eleven of the 2009 Legislative Session, I followed this proposed
legislation:
SB 499: "AN ACT ESTABLISHING A REDUCED COAL SEVERANCE TAX RATE FOR
PRODUCTION FROM A NEW MINE OR INCREASED PRODUCTION FROM AN EXISTING MINE FOR
COAL TO BE USED IN A COAL GASIFICATION FACILITY THAT SEQUESTERS CARBON DIOXIDE
OR AN INTEGRATED GASIFICATION COMBINED CYCLE FACILITY THAT SEQUESTERS CARBON
DIOXIDE; PROVIDING THAT THE COLLECTIONS FROM THE REDUCED TAX RATE, AFTER THE
ALLOCATION TO THE COAL TAX TRUST FUND, BE ALLOCATED TO THE SCHOOL FLEXIBILITY
ACCOUNT; AND AMENDING SECTIONS 15-35-103, 15-35-108, AND 90-6-1001, MCA."
I monitored this legislation.
HB 445: "AN ACT TO PROTECT MONTANA FARMERS BY EXEMPTING FROM LIABILITY
FARMERS WHO UNKNOWINGLY POSSESS OR USE A PATENTED PLANT; PROVIDING FOR THE
SAMPLING AND ANALYSIS OF PATENTED PLANTS TO DETERMINE WHETHER A BREACH OF
CONTRACT OR PATENT INFRINGEMENT HAS OCCURRED; AND REQUIRING THAT ACTIONS
RELATED TO PATENTED PLANTS ARE GOVERNED BY MONTANA LAW." I monitored this
legislation.
SB 506: "AN ACT AUTHORIZING A LOCAL OPTION TOURISM TAX; PROVIDING FOR THE
TYPES OF GOODS AND SERVICES THAT MAY BE SUBJECT TO THE LOCAL OPTION TOURISM
TAX; PROVIDING THAT LOCAL OPTION TOURISM TAX REVENUE MUST BE USED FOR PROPERTY
TAX REDUCTION, DISTRIBUTION TO CERTAIN NEARBY LOCAL GOVERNMENTS, AND FOR ANY
PURPOSE REFLECTED IN THE RESOLUTION AUTHORIZING THE LOCAL OPTION TOURISM TAX;
PROHIBITING DOUBLE TAXATION; COORDINATING THE USE OF THE RESORT TAX IMPOSED BY
RESORT COMMUNITIES AND RESORT AREAS; CLARIFYING THAT A MILL LEVY REDUCTION
RESULTING FROM TAX RELIEF DUE TO IMPOSITION OF A LOCAL OPTION TOURISM TAX MAY
NOT BE REINSTATED WHILE THE TAX IS IN EFFECT WITHOUT AN ELECTION; AMENDING
SECTIONS 7-7-4424, 7- 428, AND 15-10-420, MCA; AND PROVIDING A DELAYED
EFFECTIVE DATE." I monitored this legislation.
SB 503: "AN ACT PROVIDING FOR MONTANA ECONOMIC STIMULUS; PROVIDING A 5
PERCENT CAPITAL GAINS CREDIT FOR THE SALE OF A MONTANA BUSINESS THAT WAS
ESTABLISHED DURING A CERTAIN TIME PERIOD AND THAT HAS BEEN IN OPERATION FOR OR
HAS EMPLOYED A CERTAIN PERCENTAGE OF MONTANA EMPLOYEES FOR AT LEAST 10 YEARS;
PROVIDING THAT 50 PERCENT OF ANY BONUS DEPRECIATION RECAPTURED UNDER FEDERAL
TAX LAW ORIGINALLY TAKEN FOR ECONOMIC RECOVERY IS DEDUCTIBLE FOR INDIVIDUAL
INCOME TAX AND
CORPORATE
LICENSE TAX PURPOSES; PROVIDING THAT TO QUALIFY THE SUBJECT PROPERTY OF THE
RECAPTURE MUST HAVE BEEN FABRICATED OR ASSEMBLED IN MONTANA AND SOLD DURING
SPECIFIED TIMES; PROVIDING FOR A CAPITAL GAINS TAX FOR SALE OF CERTAIN TANGIBLE
AND INTANGIBLE MONTANA BUSINESS PROPERTY OR QUALIFYING STOCK OF A MONTANA
BUSINESS; PROVIDING THAT THE PROPERTY MUST HAVE BEEN HELD FOR AT LEAST 5 YEARS;
PROVIDING THAT THE RATE FOR DETERMINING THE CREDIT INCREASES FROM 2 PERCENT TO
5 PERCENT OVER A 20-YEAR PERIOD; AMENDING SECTIONS 15-30-121, 15-30-183, AND
15-31-114, MCA; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE AND A RETROACTIVE
APPLICABILITY DATE." I monitored this legislation.
HB 654:
"AN ACT PROVIDING THAT A PORTION OF COAL SEVERANCE TAX
COLLECTIONS
FROM NEWLY PERMITTED COAL MINES AND A PORTION OF OIL AND NATURAL GAS PRODUCTION
TAXES FROM NEWLY DRILLED OIL AND NATURAL GAS WELLS ARE ALLOCATED TO THE SCHOOL
FLEXIBILITY ACCOUNT; AMENDING SECTIONS 15-35-108, 15-36-331, AND 90-6-1001,
MCA; AND PROVIDING AN EFFECTIVE DATE." I monitored this legislation.