5-5-227. Revenue interim committee -- powers and duties -- revenue estimating and use of estimates.

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5-5-227 . Revenue interim committee -- powers and duties -- revenue estimating and use of estimates.

(1)The revenue interim committee has administrative rule review, draft legislation review, program evaluation, and monitoring functions for the Montana tax appeal board established in 2-15-1015 and for the department of revenue and the entities attached to the department for administrative purposes, except the divisions of the department that administer the Montana Alcoholic Beverage Code and the Montana Marijuana Regulation and Taxation Act.

(a)The committee must have prepared by December 1 for introduction during each regular session of the legislature in which a revenue bill is under consideration an estimate of the amount of revenue projected to be available for legislative appropriation.

(b)The committee may prepare for introduction during a special session of the legislature in which a revenue bill or an appropriation bill is under consideration an estimate of the amount of projected revenue. The revenue estimate is considered a subject specified in the call of a special session under 5-3-101 .

(3)The committee's estimate, as introduced in the legislature, constitutes the legislature's current revenue estimate until amended or until final adoption of the estimate by both houses. It is intended that the legislature's estimates and the assumptions underlying the estimates will be used by all agencies with responsibilities for estimating revenue or costs, including the preparation of fiscal notes.

(4)The legislative services division shall provide staff assistance to the committee. The committee may request the assistance of the staffs of the office of the legislative fiscal analyst, the legislative auditor, the department of revenue, and any other agency that has information regarding any of the tax or revenue bases of the state.

(5)The committee shall review tax credits as provided in 15-30-2303 .

(6)The committee shall make a recommendation to the next legislature about whether to revise property tax rates based on the report provided in 15-7-111 . The committee may evaluate the impact of the tax rates on property taxes, the maximum levy authorized under 15-10-420 , and levies voted pursuant to 15-10-425 .