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The committee wants to have an understanding of these trends as part of its SJR 31 study of school funding and property taxes. The discussion may also have pertinence for the HB 488 property reappraisal study. The committee will recess before noon on Thursday to attend the Montana Taxpayers Association annual meeting. November 2007 THE INTERIM 12 Other agenda topics . ..The committee will reconvene Friday morning, Dec. 7. Although the agenda has not been set for Friday, the committee will consi...der a number of topics. Lee Heiman, staff attorney, will discuss a legal memo regarding the "trigger" language in House Bill 9 that provides an income tax credit for a portion of state school equalization property taxes paid by residential property owners. There is a dispute on whether the trigger has been met. The committee will also review background information on the SJR 31 study. The Department of Revenue will provide an update on the development of rules for tax increment finance districts and the Department of Transportation will report on the highway revenue account.
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