Administrative Rules of Montana
Department 42 - REVENUE
Chapter 42.19 - GENERAL PROPERTY TAX PROVISIONS
Subchapter 42.19.4 - Property Tax Assistance Programs
Rule 42.19.405 - DEFINITIONS
Current through Register Vol. 6, March 22, 2024
The following definitions apply to rules in this subchapter.
(1) "Head of household" means a taxpayer who meets the head of household standard for federal income tax purposes.
(2) "Percentage reduction" means the amount by which the property tax rate is reduced based on the income schedules for the property tax assistance program (PTAP) and for the Montana disabled veteran (MDV) property tax assistance program. Those schedules are located in ARM 42.19.402.
(3) "Qualifying applicant" means:
(4) "Qualifying income" means the federal adjusted gross income of an applicant and an applicant's spouse, excluding capital and income losses as they appear on their Montana income tax return for the prior tax year.
AUTH: 15-1-201, 15-6-302, MCA; IMP: 15-6-134, 15-6-240, 15-6-301, 15-6-302, 15-6-305, 15-6-311, 15-6-312 MCA