---
type: "Bill"
title: "Revise tax increment calculation for districts that use tax increment financing"
description: "Revise tax increment calculation for districts that use tax increment financing"
jurisdiction: "us/states/mt"
legislature: "Montana Legislature"
session: "2023"
identifier: "SB 505"
citation: "Montana SB 505 (2023)"
classification: ["bill"]
subjects: ["Local Finance (see also: City Finance; County Finance)", "Local Government (see also: City Subjects; County Subjects)", "Revenue", "Local", "Taxation (Generally)", "Taxation--Property"]
status: "enacted"
primary_sponsors: ["Greg Hertz"]
version_count: 2
action_count: 51
vote_count: 6
first_action: "2022-09-14T17:18:15+00:00"
last_action: "2023-05-22T21:34:23+00:00"
source: "openstates"
source_identifier: "ocd-bill/98d66d75-883e-4b22-b435-0b5cb8beecd6"
source_url: "https://bills.legmt.gov/#/bill/20231/LC0324"
source_hash: "927bda0110e3a5806e7cd1d2b970d1ef83467e8e93fce3289e5e8ae2bf9018cf"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-mt"]
---

# Montana SB 505 (2023) — Revise tax increment calculation for districts that use tax increment financing

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **SB0505_1.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=13036)
2. **SB0505_X.pdf** (committee substitute) — [source](https://api.legmt.gov/docs/v1/documents/getContent?documentId=13035)

## Votes

- (S) 2nd Reading Passed — **50–0** (pass) · upper
- (H) 3rd Reading Concurred — **96–2** (pass) · lower
- (H) Committee Executive Action--Bill Concurred — **21–0** (pass) · lower
- (S) 3rd Reading Passed — **50–0** (pass) · upper
- (H) 2nd Reading Concurred — **99–1** (pass) · lower
- (S) Committee Executive Action--Bill Passed — **11–1** (pass) · upper

## Sponsors

- Greg Hertz — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-05-22T21:34:23+00:00** Chapter Number Assigned `became-law`
- **2023-05-19T19:02:00+00:00** (S) Signed by Governor `executive-signature`
- **2023-05-11T22:00:00+00:00** (S) Transmitted to Governor `executive-receipt`
- **2023-05-11T20:30:00+00:00** (H) Signed by Speaker `passage`
- **2023-05-04T17:00:00+00:00** (S) Signed by President `passage`
- **2023-04-26T20:36:07+00:00** (C) Printed - Enrolled Version Available `enrolled`
- **2023-04-26T20:36:06+00:00** (S) Returned from Enrolling
- **2023-04-26T20:27:00+00:00** (S) Sent to Enrolling
- **2023-04-20T22:00:00+00:00** (H) Returned to Senate
- **2023-04-20T19:28:00+00:00** (H) 3rd Reading Concurred `passage, reading-3`
- **2023-04-20T19:00:00+00:00** (H) Scheduled for 3rd Reading `reading-3`
- **2023-04-19T20:34:00+00:00** (H) 2nd Reading Concurred `reading-2, reading-2`
- **2023-04-19T19:00:00+00:00** (H) Scheduled for 2nd Reading `reading-2`
- **2023-04-18T00:32:00+00:00** (H) Committee Report--Bill Concurred
- **2023-04-17T15:00:00+00:00** (H) Committee Executive Action--Bill Concurred
- **2023-04-13T14:00:00+00:00** (H) Hearing
- **2023-04-03T15:01:00+00:00** (H) First Reading `reading-1`
- **2023-04-03T14:15:12+00:00** (H) Referred to Committee `referral-committee`
- **2023-03-28T21:20:10+00:00** (S) Transmitted to House
- **2023-03-27T21:11:00+00:00** (S) 3rd Reading Passed `passage, reading-3`
- **2023-03-27T19:00:00+00:00** (S) Scheduled for 3rd Reading `reading-3`
- **2023-03-24T20:02:00+00:00** (S) 2nd Reading Passed `reading-2, reading-2`
- **2023-03-24T19:00:00+00:00** (S) Scheduled for 2nd Reading `reading-2`
- **2023-03-22T19:21:00+00:00** (S) Committee Report--Bill Passed `committee-passage`
- **2023-03-21T14:30:00+00:00** (S) Committee Executive Action--Bill Passed `committee-passage`
- **2023-03-14T15:00:00+00:00** (S) Hearing
- **2023-03-13T12:51:54+00:00** (S) Fiscal Note Printed
- **2023-03-10T00:14:03+00:00** (C) Fiscal Note Unsigned
- **2023-03-09T20:56:22+00:00** (S) Fiscal Note Received `receipt`
- **2023-03-02T15:31:00+00:00** (S) First Reading `reading-1`
- **2023-03-02T13:04:00+00:00** (S) Referred to Committee `referral-committee`
- **2023-03-01T20:26:10+00:00** (C) Introduced Bill Text Available Electronically
- **2023-03-01T20:13:28+00:00** (S) Fiscal Note Requested
- **2023-03-01T19:53:49+00:00** (S) Introduced
- **2023-03-01T19:53:48+00:00** (C) Fiscal Note Probable
- **2023-03-01T19:33:31+00:00** (C) Draft Delivered to Requester
- **2023-02-28T15:40:44+00:00** (C) Draft Ready for Delivery
- **2023-02-28T15:13:30+00:00** (C) Executive Director Final Review
- **2023-02-28T15:13:26+00:00** (C) Draft Ready for Delivery
- **2023-02-28T14:56:11+00:00** (C) Draft in Assembly
- **2023-02-28T13:54:19+00:00** (C) Executive Director Review
- **2023-02-28T02:09:26+00:00** (C) Bill Draft Text Available Electronically
- **2023-02-28T02:09:25+00:00** (C) Draft in Final Drafter Review
- **2023-02-27T22:22:50+00:00** (C) Draft in Input/Proofing
- **2023-02-27T21:48:37+00:00** (C) Draft to Drafter - Edit Review
- **2023-02-24T20:16:25+00:00** (C) Draft in Edit
- **2023-02-14T14:01:12+00:00** (C) Draft in Legal Review
- **2023-02-13T22:46:19+00:00** (C) Draft to Requester for Review
- **2023-02-08T19:38:13+00:00** (C) Draft Taken Off Hold
- **2022-11-07T22:19:22+00:00** (C) Draft On Hold
- **2022-09-14T17:18:15+00:00** (C) Draft Request Received `receipt`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/98d66d75-883e-4b22-b435-0b5cb8beecd6`. Confidence: reported (aggregated from official Montana legislature records).