reglab/statecodes huggingface dataset:
2023 Montana Code Annotated › Title 15. Taxation › Chapter 2. Montana Tax Appeal Board › Part 3. Appeal Procedure › 15-2-306. Board to order refund

15-2-306. Board to order refund.
(1) In any appeal before the Montana tax appeal board when a taxpayer has paid property taxes or fees under written protest and the taxes or fees are held by the treasurer of a unit of local government in a protest fund, the Montana tax appeal board shall enter judgment, exclusive of costs, if the board finds that the property taxes or fees should be refunded.
(2) In addition to costs and attorney fees permitted under 25-10-711, the board shall award costs and reasonable attorney fees as determined by the board from the department to a taxpayer that substantially prevails on the merits of an appeal of the value of class four residential property. Costs and attorney fees awarded by the board are limited to cases in which the department appeals a decision of the county tax appeal board.
(3) The Montana tax appeal board's judgment issued pursuant to subsections (1) and (2) must be held in abeyance:
(a) until the time period for appeal has passed; or
(b) if the final decision of the Montana tax appeal board has been appealed in accordance with 15-2-303.
(4) For the purpose of this section, "substantially prevails" means:
(a) a judgment that results in a reduction in value from the department's appealed value of the taxpayer's property; and
(b) the amount of the reduction provided for in the judgment is greater than 25% of the difference between the value in the department's original appeal from the county tax appeal board proceeding and the value claimed by the taxpayer for the Montana tax appeal board or court proceeding.
History: En. Sec. 2, Ch. 501, L. 1981; amd. Sec. 7, Ch. 594, L. 1993; amd. Sec. 4, Ch. 104, L. 2021; amd. Sec. 23, Ch. 142, L. 2021; amd. Sec. 48, Ch. 142, L. 2021.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-101. Property subject to taxation -- classification

15-6-101. Property subject to taxation -- classification.
(1) All property in this state is subject to taxation, except as provided otherwise.
(2) For the purpose of taxation, the taxable property in the state shall be classified in accordance with this part.
History: (1)En. Sec. 1667, Comp. Stat. 1887; en. Sec. 1, p. 73, L. 1891; re-en. Sec. 3670, Pol. C. 1895; re-en. Sec. 2498, Rev. C. 1907; re-en. Sec. 1997, R.C.M. 1921; Cal. Pol. C. Sec. 3607; re-en. Sec. 1997, R.C.M. 1935; amd. Sec. 1, Ch. 126, L. 1977; Sec. 84-201, R.C.M. 1947; (2)En. 84-301.1 by Sec. 1, Ch. 566, L. 1977; Sec. 84-301.1, R.C.M. 1947; R.C.M. 1947, 84-201, 84-301.1; amd. Sec. 13, Ch. 686, L. 1979; amd. Sec. 15, Ch. 693, L. 1979; amd. Sec. 18, Ch. 712, L. 1979; amd. Sec. 2, Ch. 20, L. 1985; amd. Sec. 3, Ch. 681, L. 1985.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-102. Repealed

15-6-102. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.2 by Sec. 2, Ch. 566, L. 1977; R.C.M. 1947, 84-301.2.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-103. Repealed

15-6-103. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.3 by Sec. 3, Ch. 566, L. 1977; R.C.M. 1947, 84-301.3.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-104. Repealed

15-6-104. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.4 by Sec. 4, Ch. 566, L. 1977; R.C.M. 1947, 84-301.4.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-105. Repealed

15-6-105. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.5 by Sec. 5, Ch. 566, L. 1977; R.C.M. 1947, 84-301.5.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-106. Repealed

15-6-106. Repealed.
Sec. 17, Ch. 634, L. 1979; Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.6 by Sec. 6, Ch. 566, L. 1977; R.C.M. 1947, 84-301.6.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-107. Repealed

15-6-107. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.7 by Sec. 7, Ch. 566, L. 1977; R.C.M. 1947, 84-301.7.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-108. Repealed

15-6-108. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.8 by Sec. 8, Ch. 566, L. 1977; R.C.M. 1947, 84-301.8.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-109. Repealed

15-6-109. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.9 by Sec. 9, Ch. 566, L. 1977; R.C.M. 1947, 84-301.9.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-110. Repealed

15-6-110. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.10 by Sec. 10, Ch. 566, L. 1977; amd. Sec. 11, Ch. 566, L. 1977; R.C.M. 1947, 84-301.10.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-111. Repealed

15-6-111. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.11 by Sec. 12, Ch. 566, L. 1977; R.C.M. 1947, 84-301.11.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-112. Repealed

15-6-112. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.12 by Sec. 13, Ch. 566, L. 1977; R.C.M. 1947, 84-301.12.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-113. Repealed

15-6-113. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.13 by Sec. 14, Ch. 566, L. 1977; R.C.M. 1947, 84-301.13.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-114. Repealed

15-6-114. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.14 by Sec. 15, Ch. 566, L. 1977; R.C.M. 1947, 84-301.14.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-115. Repealed

15-6-115. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.15 by Sec. 16, Ch. 566, L. 1977; amd. Sec. 11, Ch. 566, L. 1977; R.C.M. 1947, 84-301.15.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-116. Repealed

15-6-116. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.16 by Sec. 17, Ch. 566, L. 1977; amd. Sec. 2, Ch. 499, L. 1977; amd. Sec. 8, Ch. 576, L. 1977; R.C.M. 1947, 84-301.16.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-117. Repealed

15-6-117. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.17 by Sec. 18, Ch. 566, L. 1977; R.C.M. 1947, 84-301.17.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-118. Repealed

15-6-118. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.18 by Sec. 19, Ch. 566, L. 1977; R.C.M. 1947, 84-301.18.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-119. Repealed

15-6-119. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. 84-301.19 by Sec. 20, Ch. 566, L. 1977; R.C.M. 1947, 84-301.19.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-120. Repealed

15-6-120. Repealed.
Sec. 27, Ch. 693, L. 1979.
History: En. Sec. 15, Ch. 498, L. 1977; R.C.M. 1947, 84-310.20.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-121. Repealed

15-6-121. Repealed.
Sec. 27, Ch. 693, L. 1979; Sec. 30, Ch. 712, L. 1979.
History: En. Sec. 3, Ch. 502, L. 1977; R.C.M. 1947, 84-301.21.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-122. Business equipment tax on business personal property

15-6-122. Business equipment tax on business personal property.
A personal property tax applied to any class of personal property, excluding livestock, described in this part that belongs to, is claimed by, or is in the possession of or under the control or management of a sole proprietor, firm, association, partnership, business, corporation, or limited liability company is a business equipment tax.
History: En. Sec. 1, Ch. 347, L. 1995.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-131. Class one property -- description -- taxable percentage

15-6-131. Class one property -- description -- taxable percentage.
(1) Class one property includes the annual net proceeds of all mines and mining claims except bentonite, coal, and metal mines.
(2) Class one property is taxed at 100% of its annual net proceeds after deducting the expenses specified and allowed by 15-23-503 or, for talc, as provided in 15-23-515 or, for vermiculite, as provided in 15-23-516 or, for limestone, as provided in 15-23-517 or, for industrial garnets and associated byproducts, as provided in 15-23-518.
History: En. Sec. 1, Ch. 693, L. 1979; amd. Sec. 1, Ch. 323, L. 1983; amd. Sec. 3, Ch. 531, L. 1989; amd. Sec. 3, Ch. 695, L. 1991; amd. Sec. 1, Ch. 700, L. 1991; amd. Sec. 3, Ch. 506, L. 1993; amd. Sec. 3, Ch. 397, L. 1995; amd. Sec. 12, Ch. 559, L. 2005.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-132. Class two property -- description -- taxable percentage

15-6-132. Class two property -- description -- taxable percentage.
(1) Class two property includes the annual gross proceeds of metal mines.
(2) Class two property is taxed at 3% of its annual gross proceeds, as defined in 15-23-801.
History: En. Sec. 2, Ch. 693, L. 1979; amd. Sec. 72, Ch. 11, Sp. L. June 1989.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-133. Class three property -- description -- taxable percentage

15-6-133. Class three property -- description -- taxable percentage.
(1) Class three property includes:
(a) agricultural land as defined in 15-7-202;
(b) nonproductive patented mining claims outside the limits of an incorporated city or town held by an owner for the ultimate purpose of developing the mineral interests on the property. For the purposes of this subsection (1)(b), the following provisions apply:
(i) The claim may not include any property that is used for residential purposes, recreational purposes as described in 70-16-301, or commercial purposes as defined in 15-1-101 or any property the surface of which is being used for other than mining purposes or has a separate and independent value for other purposes.
(ii) Improvements to the property that would not disqualify the parcel are taxed as otherwise provided in this title, including that portion of the land upon which the improvements are located and that is reasonably required for the use of the improvements.
(iii) Nonproductive patented mining claim property must be valued as if the land were devoted to agricultural grazing use.
(c) parcels of land of 20 acres or more but less than 160 acres under one ownership that are not eligible for valuation, assessment, and taxation as agricultural land under 15-7-202(1), which are considered to be nonqualified agricultural land. Nonqualified agricultural land may not be devoted to a commercial or industrial purpose. Nonqualified agricultural land is valued at the average productive capacity value of grazing land.
(2) Subject to subsection (3), class three property is taxed at 2.16% of its productive capacity value.
(3) The taxable value of land described in subsection (1)(c) is computed by multiplying the value of the land by seven times the taxable percentage rate for agricultural land.
History: En. Sec. 3, Ch. 693, L. 1979; amd. Sec. 1, Ch. 739, L. 1985; amd. Sec. 3, Ch. 773, L. 1991; amd. Sec. 1, Ch. 267, L. 1993; amd. Sec. 1, Ch. 627, L. 1993; amd. Sec. 4, Ch. 485, L. 1995; amd. Sec. 1, Ch. 376, L. 2005; amd. Sec. 6, Ch. 361, L. 2015.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-136. Repealed

15-6-136. Repealed.
Secs. 27, 31, Ch. 285, L. 1999.
History: En. Sec. 6, Ch. 693, L. 1979; amd. Sec. 1, Ch. 330, L. 1981; amd. Sec. 5, Ch. 613, L. 1981; amd. Sec. 2, Ch. 599, L. 1983; amd. Sec. 2, Ch. 570, L. 1985; amd. Sec. 1, Ch. 660, L. 1987; amd. Sec. 1, Ch. 598, L. 1989; amd. Sec. 1, Ch. 648, L. 1989; amd. Sec. 2, Ch. 10, Sp. L. June 1989; amd. Sec. 5, Ch. 773, L. 1991; amd. Sec. 1, Ch. 409, L. 1997; amd. Sec. 1, Ch. 546, L. 1997; amd. Sec. 11, Ch. 285, L. 1999; amd. Sec. 1, Ch. 555, L. 1999; amd. Sec. 1, Ch. 11, Sp. L. May 2000.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-137. Class seven property -- description -- taxable percentage

15-6-137. Class seven property -- description -- taxable percentage.
(1) Except as provided in subsection (2), class seven property includes:
(a) all property owned by cooperative rural electrical associations that serve less than 95% of the electricity consumers within the incorporated limits of a city or town, except rural electric cooperative properties described in 15-6-141(1)(c);
(b) electric transformers and meters; electric light and power substation machinery; natural gas measuring and regulating station equipment, meters, and compressor station machinery owned by noncentrally assessed public utilities; and tools used in the repair and maintenance of this property.
(2) Class seven property does not include wind generation facilities, biomass generation facilities, energy storage facilities classified under 15-6-157, and property classified under 15-6-163.
(3) Class seven property is taxed at 8% of its market value.
History: En. Sec. 7, Ch. 693, L. 1979; amd. Sec. 2, Ch. 330, L. 1981; amd. Sec. 1, Ch. 352, L. 1981; amd. Sec. 61, Ch. 575, L. 1981; amd. Sec. 1, Ch. 576, L. 1989; amd. Sec. 4, Ch. 10, Sp. L. June 1989; amd. Sec. 32, Ch. 505, L. 1997; amd. Sec. 33, Ch. 426, L. 1999; amd. Sec. 4, Ch. 563, L. 2005; amd. Sec. 1, Ch. 357, L. 2009; amd. Sec. 1, Ch. 309, L. 2011; amd. Sec. 3, Ch. 291, L. 2021.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-139. Repealed

15-6-139. Repealed.
Sec. 11, Ch. 10, Sp. L. June 1989.
History: En. Sec. 9, Ch. 693, L. 1979; amd. Sec. 63, Ch. 575, L. 1981; amd. Sec. 9, Ch. 614, L. 1981; amd. Sec. 2, Ch. 278, L. 1983; amd. Sec. 3, Ch. 598, L. 1989.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-140. Repealed

15-6-140. Repealed.
Sec. 11, Ch. 10, Sp. L. June 1989.
History: En. Sec. 10, Ch. 693, L. 1979; amd. Sec. 64, Ch. 575, L. 1981; amd. Sec. 10, Ch. 614, L. 1981; amd. Sec. 3, Ch. 278, L. 1983; amd. Sec. 3, Ch. 20, L. 1985; amd. Sec. 2, Ch. 584, L. 1987; amd. Sec. 4, Ch. 611, L. 1987; amd. Sec. 4, Ch. 598, L. 1989.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-142. Repealed

15-6-142. Repealed.
Sec. 15, Ch. 773, L. 1991.
History: En. Sec. 4, Ch. 632, L. 1983; amd. Sec. 2, Ch. 663, L. 1985; amd. Sec. 3, Ch. 739, L. 1985; amd. Sec. 2, Ch. 427, L. 1987; amd. Sec. 2, Ch. 575, L. 1987; amd. Sec. 2, Ch. 612, L. 1991.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-143. Class ten property -- description -- taxable percentage

15-6-143. Class ten property -- description -- taxable percentage.
(1) Class ten property includes all forest lands, as defined in 15-44-102, and property described in subsection (2).
(2) Any parcel of growing timber totaling less than 15 acres qualifies as class ten property if, in a prior year, the parcel totaled 15 acres or more and qualified as forest land but the number of acres was reduced to less than 15 acres for a public use described in 70-30-102 by the federal government, the state, a county, or a municipality and, since that reduction in acres, the parcel has not been further divided.
(3) Class ten property is taxed at:
(a) 0.29% of its forest productivity value in tax year 2023;
(b) 0.27% of its forest productivity value in tax year 2024; and
(c) 0.37% of its forest productivity value in tax years after 2024.
History: En. Sec. 2, Ch. 681, L. 1985; amd. Sec. 16, Ch. 773, L. 1991; amd. Secs. 6, 7, Ch. 783, L. 1991; amd. Sec. 1, Ch. 297, L. 1997; amd. Sec. 83, Ch. 584, L. 1999; amd. Sec. 3, Ch. 483, L. 2009; amd. Sec. 1, Ch. 243, L. 2013; amd. Sec. 9, Ch. 361, L. 2015; amd. Sec. 1, Ch. 427, L. 2021; amd. Sec. 1, Ch. 638, L. 2023.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-144. Repealed

15-6-144. Repealed.
Sec. 9, Ch. 267, L. 1993.
History: En. Sec. 2, Ch. 699, L. 1985; amd. Sec. 2, Ch. 35, Sp. L. June 1986; amd. Sec. 7, Ch. 773, L. 1991.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-145. Class twelve property -- description -- taxable percentage

15-6-145. Class twelve property -- description -- taxable percentage.
(1) Class twelve property includes all property of a railroad car company as defined in 15-23-211, all railroad transportation property as described in the Railroad Revitalization and Regulatory Reform Act of 1976 as it read on January 1, 1986, and all airline transportation property as described in the Tax Equity and Fiscal Responsibility Act of 1982 as it read on January 1, 1986.
(2) For the tax year beginning January 1, 1991, and for each tax year thereafter, class twelve property is taxed at the percentage rate "R", to be determined by the department as provided in subsection (3), or 12%, whichever is less.
(3) R = A/B where:
(a) A is the total statewide taxable value of all commercial property, except class twelve property, as commercial property is described in 15-1-101(1)(d); and
(b) B is the total statewide market value of all commercial property, except class twelve property, as commercial property is described in 15-1-101(1)(d).
(4) (a) For the taxable year beginning January 1, 1986, and for every taxable year thereafter, the department shall conduct a sales assessment ratio study of all commercial and industrial real property and improvements. The study must be based on:
(i) assessments of such property as of January 1 of the year for which the study is being conducted; and
(ii) a statistically valid sample of sales using data from realty transfer certificates filed during the same taxable year or from the immediately preceding taxable year, but only if a sufficient number of certificates is unavailable from the current taxable year to provide a statistically valid sample.
(b) The department shall determine the value-weighted mean sales assessment ratio "M" for all such property and reduce the taxable value of property described in subsection (4) only, by multiplying the total statewide taxable value of property described in subsection (4)(a) by "M" prior to calculating "A" in subsection (3)(a).
(c) The adjustment referred to in subsection (4)(b) will be made beginning January 1, 1986, and in each subsequent tax year to equalize the railroad taxable values.
(5) For the purpose of complying with the Railroad Revitalization and Regulatory Reform Act of 1976, as it read on January 1, 1986, the rate "R" referred to in this section is the equalized average tax rate generally applicable to commercial and industrial property, except class twelve property, as commercial property is defined in 15-1-101(1)(d).
History: En. Sec. 5, Ch. 743, L. 1985; amd. Sec. 1, Ch. 7, Sp. L. March 1986; amd. Sec. 1, Ch. 24, Sp. L. June 1986; amd. Sec. 8, Ch. 773, L. 1991; amd. Sec. 1, Ch. 10, Sp. L. July 1992.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-146. Repealed

15-6-146. Repealed.
Sec. 11, Ch. 10, Sp. L. June 1989.
History: En. Sec. 6, Ch. 743, L. 1985; amd. Sec. 2, Ch. 568, L. 1987; amd. Sec. 8, Ch. 578, L. 1987; amd. Sec. 1, Ch. 649, L. 1987; amd. Sec. 1, Ch. 59, L. 1989.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-147. Repealed

15-6-147. Repealed.
Sec. 15, Ch. 773, L. 1991.
History: En. Sec. 2, Ch. 7, Sp. L. March 1986; amd. Sec. 1, Ch. 19, L. 1989.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-155. Repealed

15-6-155. Repealed.
Secs. 15, 18(2), Ch. 773, L. 1991.
History: En. Sec. 2, Ch. 618, L. 1987; amd. Sec. 9, Ch. 773, L. 1991.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-159. Class sixteen property -- description -- taxable percentage

15-6-159. Class sixteen property -- description -- taxable percentage.
(1) Class sixteen property includes high-voltage direct-current converter stations that are constructed in a location and manner so that the converter station can direct power to two different regional power grids.
(2) Class sixteen property does not include property described in subsection (1) for which the standard prevailing rate of wages for heavy construction, as provided in 18-2-414, was not paid during the construction phase.
(3) (a) The department shall determine whether to certify that the property meets the criteria of subsection (1).
(b) If the department finds that a certification previously granted was based on an application that the applicant knew was false or fraudulent, the property must be placed in class nine under 15-6-141. If the application was fraudulent, the applicant may be liable for additional taxes, penalty, and interest from the time that the certification was in effect.
(4) Class sixteen property is taxed at 2.25% of its market value.
History: En. Sec. 8, Ch. 2, Sp. L. May 2007; amd. Sec. 8, Ch. 277, L. 2009.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-163. Class eighteen property -- description -- taxable percentage

15-6-163. Class eighteen property -- description -- taxable percentage.
(1) (a) Subject to subsection (1)(b), class eighteen property includes the land, improvements, furniture, fixtures, equipment, tools that are not exempt under 15-6-219, and supplies, except those included in class five property under 15-6-135 of a green hydrogen facility, green hydrogen pipeline, or green hydrogen storage system.
(b) Power generation primary fuel sources must be at least 25% by volume derived from green hydrogen to qualify under this section.
(2) During construction, property not meeting the definitions in subsection (6) must be classified as class eighteen property if, prior to March 1 of the first tax year for which the classification will be applied, the taxpayer certifies to the department that the facility under construction will meet the definitions in subsection (6) within 2 years of the date of the certification.
(3) The taxable property of a green hydrogen facility, a green hydrogen pipeline, and a green hydrogen storage system must be locally assessed.
(4) Class eighteen property does not include a green hydrogen facility, pipeline, or storage system for which, during construction, the standard prevailing wages for heavy construction, as provided in 18-2-401(13), were not paid during the construction phase.
(5) (a) Except as provided in subsections (5)(b) and (5)(c), class eighteen property is taxed at 3% of its market value.
(b) Class eighteen property defined in subsection (1) or meeting the requirements of subsection (2) is taxed at 1.5% of its market value for the first 15 years from the time construction commences.
(c) Class eighteen property defined in subsection (1) for which the owners have made an additional investment of $25 million or more is taxed at 1.5% of market value for the first 15 years from the time construction commences on the additional investment.
(6) As used in this section, the following definitions apply:
(a) "Green hydrogen" means hydrogen that is produced from nonfossil fuel feedstock sources and does not produce incremental greenhouse gas emissions during its production. The term does not include hydrogen produced using steam reforming or any other conversion technology that produces hydrogen from fossil fuel feedstock.
(b) "Green hydrogen facility" means the land, improvements, and personal property of a facility designed or modified:
(i) to produce green hydrogen through electrolysis technology;
(ii) to store or transport green hydrogen; or
(iii) to convert green hydrogen back to electricity through a hydrogen-capable power generation source with construction commencing after July 1, 2021.
(c) "Green hydrogen pipeline" means a pipeline used for the transport or storage of green hydrogen, with construction commencing after July 1, 2021.
(d) "Green hydrogen storage system" means the temporary storage of green hydrogen in a vessel, pipeline, or geologic formation.
History: En. Sec. 1, Ch. 291, L. 2021.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-191. Repealed

15-6-191. Repealed.
Sec. 4, Ch. 6, L. 2009.
History: En. Sec. 12, Ch. 693, L. 1979; amd. Sec. 1, Ch. 101, L. 1981; amd. Sec. 65, Ch. 575, L. 1981; amd. Sec. 3, Ch. 632, L. 1983; amd. Sec. 3, Ch. 663, L. 1985; amd. Sec. 9, Ch. 574, L. 1995; Sec. 15-6-151, MCA 1997; redes. 15-6-191 by Code Commissioner, 1999.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-192. Repealed

15-6-192. Repealed.
Sec. 4, Ch. 644, L. 2023.
History: En. Sec. 13, Ch. 693, L. 1979; Sec. 15-6-152, MCA 1997; redes. 15-6-192 by Code Commissioner, 1999; amd. Sec. 21, Ch. 2, L. 2009.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-193. Repealed

15-6-193. Repealed.
Sec. 31, Ch. 361, L. 2015.
History: En. Secs. 1, 2, Ch. 606, L. 2003; amd. Sec. 4, Ch. 483, L. 2009; amd. Sec. 1, Ch. 3, L. 2011.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 1. Classification › 15-6-194. Rules

15-6-194. Rules.
(1) The department of revenue shall adopt rules for the implementation of 15-6-163 and this section, including:
(a) the valuation of property and administration of property classified under 15-6-163; and
(b) rules necessary for certification and compliance with 15-6-163.
(2) The rules may include specifying procedures, including timeframes for application, and definitions necessary to identify property for compliance.
History: En. Sec. 2, Ch. 291, L. 2021.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 2. Tax-Exempt Property › 15-6-203. Veterans' exemptions -- clubhouse -- land -- incompetent veterans' trusts

15-6-203. Veterans' exemptions -- clubhouse -- land -- incompetent veterans' trusts.
(1) (a) There is an exemption from taxation for a clubhouse, building, or land owned, rented, leased, or used primarily:
(i) by any society or organization of honorably discharged United States military personnel; and
(ii) for educational, fraternal, benevolent, or purely public charitable purposes rather than for gain or profit.
(b) The clubhouse or building exemption provided for in this section applies:
(i) to the personal property necessarily used in the building; and
(ii) even if a business, intended primarily for the use of the members, is required to be open to the public and is operated in a portion of the building.
(c) If property exempt under this subsection (1) is owned by someone other than the society or organization, the savings from the property tax exemption must be realized by the society or organization.
(2) All property, real or personal, in the possession of legal guardians of incompetent veterans of U.S. military service or minor dependents of the veterans, when the property is funds or derived from funds received from the United States as pension, compensation, insurance, adjusted compensation, or gratuity, is exempt from all taxation as property of the United States while held by the guardian, but not after title passes to the veteran or minor in the minor's own right on account of removal of legal disability.
History: En. Sec. 2, p. 73, L. 1891; re-en. Sec. 3671, Pol. C. 1895; re-en. Sec. 2499, Rev. C. 1907; amd. Sec. 1, Ch. 97, L. 1911; amd. Sec. 1, Ch. 24, L. 1919; re-en. Sec. 1998, R.C.M. 1921; Cal. Pol. C. Secs. 3607 and 3611; amd. Sec. 1, Ch. 98, L. 1931; re-en. Sec. 1998, R.C.M. 1935; amd. Sec. 1, Ch. 85, L. 1965; amd. Sec. 1, Ch. 266, L. 1973; amd. Sec. 1, Ch. 361, L. 1973; amd. Sec. 1, Ch. 376, L. 1974; Clarified Sec. 1, Ch. 8, L. 1975; amd. Sec. 1, Ch. 325, L. 1975; amd. Sec. 1, Ch. 341, L. 1975; amd. Sec. 1, Ch. 442, L. 1975; amd. Sec. 3, Ch. 507, L. 1975; amd. Sec. 7, Ch. 548, L. 1975; amd. Sec. 2, Ch. 52, L. 1977; amd. Sec. 1, Ch. 87, L. 1977; amd. Sec. 2, Ch. 112, L. 1977; amd. Sec. 2, Ch. 126, L. 1977; amd. Sec. 2, Ch. 393, L. 1977; amd. Sec. 1, Ch. 413, L. 1977; amd. Sec. 1, Ch. 492, L. 1977; amd. Sec. 2, Ch. 576, L. 1977; R.C.M. 1947, 84-202(2); amd. Sec. 1, Ch. 204, L. 1999; amd. Sec. 1, Ch. 107, L. 2011; amd. Sec. 1, Ch. 249, L. 2017.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 2. Tax-Exempt Property › 15-6-204. Money and credits exemption

15-6-204. Money and credits exemption.
(1) Money and credits are exempt from taxation.
(2) Money and credits are, for the purposes of this section, all money and all credits secured and unsecured, including all state, county, school district, and other municipal bonds, warrants, and securities, without any deduction or offset.
History: (1)En. Sec. 2, p. 73, L. 1891; re-en. Sec. 3671, Pol. C. 1895; re-en. Sec. 2499, Rev. C. 1907; amd. Sec. 1, Ch. 97, L. 1911; amd. Sec. 1, Ch. 24, L. 1919; re-en. Sec. 1998, R.C.M. 1921; Cal. Pol. C. Secs. 3607 and 3611; amd. Sec. 1, Ch. 98, L. 1931; re-en. Sec. 1998, R.C.M. 1935; amd. Sec. 1, Ch. 85, L. 1965; amd. Sec. 1, Ch. 266, L. 1973; amd. Sec. 1, Ch. 361, L. 1973; amd. Sec. 1, Ch. 376, L. 1974; Clarified Sec. 1, Ch. 8, L. 1975; amd. Sec. 1, Ch. 325, L. 1975; amd. Sec. 1, Ch. 341, L. 1975; amd. Sec. 1, Ch. 442, L. 1975; amd. Sec. 3, Ch. 507, L. 1975; amd. Sec. 7, Ch. 548, L. 1975; amd. Sec. 2, Ch. 52, L. 1977; amd. Sec. 1, Ch. 87, L. 1977; amd. Sec. 2, Ch. 112, L. 1977; amd. Sec. 2, Ch. 126, L. 1977; amd. Sec. 2, Ch. 393, L. 1977; amd. Sec. 1, Ch. 413, L. 1977; amd. Sec. 1, Ch. 492, L. 1977; amd. Sec. 2, Ch. 576, L. 1977; Sec. 84-202, R.C.M. 1947; (2)En. Sec. 1, Ch. 64, L. 1929; re-en. Sec. 2000.1, R.C.M. 1935; Sec. 84-303, R.C.M. 1947; R.C.M. 1947, 84-202(6), 84-303; amd. Sec. 8, Ch. 532, L. 2005.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 2. Tax-Exempt Property › 15-6-205. State water conservation projects exempt

15-6-205. State water conservation projects exempt.
All lands acquired and held by the department of natural resources and conservation or the state of Montana for use in connection with water conservation projects constructed or to be constructed under the laws of this state are exempt from taxation, and the county treasurer shall cancel all taxes remaining unpaid on the land for the year in which the land is acquired and for all previous years. The taxes may be canceled only if a tax certificate has not been issued or, if a tax certificate has been issued, it was issued to the county and an assignment of the certificate of sale has not been made by the county prior to the time that the land was acquired by the department.
History: En. Sec. 1, Ch. 114, L. 1937; R.C.M. 1947, 84-203; amd. Sec. 9, Ch. 532, L. 2005.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 2. Tax-Exempt Property › 15-6-206. Irrigation and drainage facilities -- when exempt

15-6-206. Irrigation and drainage facilities -- when exempt.
(1) All irrigation and drainage facilities, including bonds, rights-of-way, ditches, flumes, pipelines, dams, water rights, reservoirs, and other property of like character shall be taxed as like facilities of the federal and state government; in cases where property taxes apply and where an increase in land value results, such facilities shall be taxed as such land is improved and such land shall be classified for tax purposes as the tax classification law provides.
(2) Sprinkler irrigation systems are exempt from taxation. Such systems include all pipes, hoses, rollers, spray attachments, connectors, pumps, and other items integral to the functioning of a sprinkler irrigation system installed and used on a farm or ranch but exclude underground water distribution lines and other elements of the system sufficiently affixed to land that they become real property.
History: (1)En. Sec. 1, Ch. 193, L. 1965; R.C.M. 1947, 84-206; (2)En. Sec. 1, Ch. 695, L. 1979; MCA 1981, 15-6-212(2); redes. 15-6-206(2) by Code Commissioner, 1983.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 2. Tax-Exempt Property › 15-6-207. Agricultural producer exemptions -- products -- unused beet equipment -- low-value buildings, implements, and machinery

15-6-207. Agricultural producer exemptions -- products -- unused beet equipment -- low-value buildings, implements, and machinery.
(1) The following agricultural products are exempt from taxation:
(a) all unprocessed agricultural products on the farm or in storage and owned by the producer;
(b) all producer-held grain in storage;
(c) all unprocessed agricultural products;
(d) all livestock and the unprocessed products of livestock;
(e) poultry and the unprocessed products of poultry;
(f) bees and the unprocessed product of bees; and
(g) biological control insects.
(2) Any beet digger, beet topper, beet defoliator, beet thinner, beet cultivator, beet planter, or beet top saver designed exclusively to plant, cultivate, and harvest sugar beets is exempt from taxation if the implement has not been used to plant, cultivate, or harvest sugar beets for the 2 years immediately preceding the current assessment date and there are no available sugar beet contracts in the sugar beet grower's marketing area.
(3) All farm buildings with a market value of less than $500 and all agricultural implements and machinery with a market value of less than $100 are exempt from taxation.
History: En. Sec. 2, p. 73, L. 1891; re-en. Sec. 3671, Pol. C. 1895; re-en. Sec. 2499, Rev. C. 1907; amd. Sec. 1, Ch. 97, L. 1911; amd. Sec. 1, Ch. 24, L. 1919; re-en. Sec. 1998, R.C.M. 1921; Cal. Pol. C. Secs. 3607 and 3611; amd. Sec. 1, Ch. 98, L. 1931; re-en. Sec. 1998, R.C.M. 1935; amd. Sec. 1, Ch. 85, L. 1965; amd. Sec. 1, Ch. 266, L. 1973; amd. Sec. 1, Ch. 361, L. 1973; amd. Sec. 1, Ch. 376, L. 1974; Clarified Sec. 1, Ch. 8, L. 1975; amd. Sec. 1, Ch. 325, L. 1975; amd. Sec. 1, Ch. 341, L. 1975; amd. Sec. 1, Ch. 442, L. 1975; amd. Sec. 3, Ch. 507, L. 1975; amd. Sec. 7, Ch. 548, L. 1975; amd. Sec. 2, Ch. 52, L. 1977; amd. Sec. 1, Ch. 87, L. 1977; amd. Sec. 2, Ch. 112, L. 1977; amd. Sec. 2, Ch. 126, L. 1977; amd. Sec. 2, Ch. 393, L. 1977; amd. Sec. 1, Ch. 413, L. 1977; amd. Sec. 1, Ch. 492, L. 1977; amd. Sec. 2, Ch. 576, L. 1977; R.C.M. 1947, 84-202(5); amd. Sec. 8, Ch. 663, L. 1979; amd. Sec. 3, Ch. 570, L. 1985; amd. Sec. 1, Ch. 627, L. 1985; amd. Sec. 2, Ch. 660, L. 1987; amd. Sec. 5, Ch. 598, L. 1989; amd. Sec. 38, Ch. 27, Sp. L. November 1993; amd. Sec. 5, Ch. 576, L. 1995; amd. Sec. 14, Ch. 285, L. 1999; amd. Sec. 3, Ch. 577, L. 2003; amd. Sec. 10, Ch. 532, L. 2005.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 2. Tax-Exempt Property › 15-6-208. Mineral exemptions -- small coal or metal mines producer -- travertine -- bentonite

15-6-208. Mineral exemptions -- small coal or metal mines producer -- travertine -- bentonite.
(1) One-half of the contract sales price of coal sold by a coal producer who extracts less than 50,000 tons of coal in a calendar year is exempt from taxation.
(2) Metal mines producing less than 20,000 tons of ore in a taxable year are exempt from property taxation on one-half of the merchantable value.
(3) The first 1,000 tons of travertine and building stone extracted from a mine in a tax year are exempt from property taxation.
(4) Bentonite extracted from a mine is exempt from property taxation.
History: (1)En. Sec. 2, p. 73, L. 1891; re-en. Sec. 3671, Pol. C. 1895; re-en. Sec. 2499, Rev. C. 1907; amd. Sec. 1, Ch. 97, L. 1911; amd. Sec. 1, Ch. 24, L. 1919; re-en. Sec. 1998, R.C.M. 1921; Cal. Pol. C. Secs. 3607 and 3611; amd. Sec. 1, Ch. 98, L. 1931; re-en. Sec. 1998, R.C.M. 1935; amd. Sec. 1, Ch. 85, L. 1965; amd. Sec. 1, Ch. 266, L. 1973; amd. Sec. 1, Ch. 361, L. 1973; amd. Sec. 1, Ch. 376, L. 1974; Clarified Sec. 1, Ch. 8, L. 1975; amd. Sec. 1, Ch. 325, L. 1975; amd. Sec. 1, Ch. 341, L. 1975; amd. Sec. 1, Ch. 442, L. 1975; amd. Sec. 3, Ch. 507, L. 1975; amd. Sec. 7, Ch. 548, L. 1975; amd. Sec. 2, Ch. 52, L. 1977; amd. Sec. 1, Ch. 87, L. 1977; amd. Sec. 2, Ch. 112, L. 1977; amd. Sec. 2, Ch. 126, L. 1977; amd. Sec. 2, Ch. 393, L. 1977; amd. Sec. 1, Ch. 413, L. 1977; amd. Sec. 1, Ch. 492, L. 1977; amd. Sec. 2, Ch. 576, L. 1977; Sec. 84-202, R.C.M. 1947; (2)En. 84-212 by Sec. 6, Ch. 498, L. 1977; Sec. 84-212, R.C.M. 1947; R.C.M. 1947, 84-202(7), 84-212; amd. Sec. 1, Ch. 303, L. 1983; amd. Sec. 7, Ch. 655, L. 1987; amd. Sec. 1, Ch. 89, L. 1993; amd. Sec. 1, Ch. 9, Sp. L. November 1993; amd. Sec. 28, Ch. 451, L. 1995; amd. Sec. 13, Ch. 559, L. 2005.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 2. Tax-Exempt Property › 15-6-209. Community services buildings exempt

15-6-209. Community services buildings exempt.
(1) The building and appurtenant land, not exceeding 3 acres, owned by a nonprofit community service organization is exempt from property taxation, except as provided in subsections (4) and (5), if the organization:
(a) is a lodge of a nationally recognized fraternal organization;
(b) (i) furnishes services to senior citizens in the form of daytime or evening educational or recreational activities that are recognized in the state plan on aging adopted by the department of public health and human services; and
(ii) does not furnish living accommodations to senior citizens; or
(c) primarily furnishes facilities without charge, except that a minimal fee may be charged for janitorial services, for public meetings and entertainments.
(2) An applicant for exemption under this section shall demonstrate that it has been an active community service organization continuously from January 1, 1981.
(3) A community service organization exempted under this section may sell food and beverages under license from the state.
(4) A building and land exempted under this section must be appraised, assessed, and subject to levies for any special improvement district if the special improvement directly benefits the building or land.
(5) The exemption provided under this section may not be extended to any property owned by a community service organization described in this section that is leased in whole or in part to any person for business or profitmaking purposes.
History: En. 84-202.1 by Sec. 1, Ch. 491, L. 1977; R.C.M. 1947, 84-202.1; amd. Sec. 1, Ch. 423, L. 1981; amd. Sec. 11, Ch. 609, L. 1987; amd. Sec. 44, Ch. 546, L. 1995; amd. Sec. 1, Ch. 166, L. 1997.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 2. Tax-Exempt Property › 15-6-211. Repealed

15-6-211. Repealed.
Sec. 31, Ch. 361, L. 2015.
History: En. Sec. 11, Ch. 693, L. 1979; amd. Sec. 1, Ch. 590, L. 1981; amd. Sec. 1, Ch. 594, L. 1987; amd. Sec. 1, Ch. 301, L. 1997; amd. Sec. 6, Ch. 399, L. 2003; amd. Sec. 1, Ch. 418, L. 2007; amd. Sec. 2, Ch. 6, L. 2009.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 2. Tax-Exempt Property › 15-6-212. Repealed

15-6-212. Repealed.
Sec. 315, Ch. 42, L. 1997.
History: En. Sec. 1, Ch. 695, L. 1979; Sec. 15-6-212(2), MCA 1981; redes. 15-6-206(2) by Code Commissioner, 1983.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 2. Tax-Exempt Property › 15-6-213. Down-hole equipment in oil and gas wells exempt

15-6-213. Down-hole equipment in oil and gas wells exempt.
All down-hole equipment in oil and gas wells is exempt from taxation.
History: En. Sec. 2, Ch. 583, L. 1985.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 2. Tax-Exempt Property › 15-6-214. Terminated

15-6-214. Terminated.
Sec. 3, Ch. 560, L. 1987.
History: En. Sec. 1, Ch. 560, L. 1987; amd. Sec. 7, Ch. 83, L. 1989.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 2. Tax-Exempt Property › 15-6-215. Exemption for motion picture and television commercial property

15-6-215. Exemption for motion picture and television commercial property.
Except as provided in 15-24-305 and 61-3-520, all property, including vehicles, brought into the state or otherwise used for the exclusive purpose of filming motion pictures or television commercials is exempt from property taxation and registration fees under 61-3-321(2), provided that the property does not remain in the state for a period in excess of 180 consecutive days in a calendar year.
History: En. Sec. 1, Ch. 525, L. 1989; amd. Sec. 6, Ch. 515, L. 1999; amd. Sec. 8, Ch. 542, L. 2005.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 2. Tax-Exempt Property › 15-6-216. Exemption of improvements made to commercial buildings to remove barriers to persons with disabilities

15-6-216. Exemption of improvements made to commercial buildings to remove barriers to persons with disabilities.
(1) Any additional value associated with specific improvements made to an existing or new commercial building, after December 31, 1995, for the purpose of removing barriers to the movement, safety, or comfort of a person with a disability may not increase the taxable valuation of the building.
(2) A person shall apply for an exemption under this section by March 1 of the tax year for which the exemption is sought, on a form provided by the department of revenue, setting forth the nature of the improvement, the date on which the improvement was completed, and any other information that the department may require.
(3) For the purposes of this section, improvements for the removal of barriers include:
(a) permanent ramps leading to entrances to the premises and between levels of the premises;
(b) elevators installed for the use of a person with a disability;
(c) handrails installed in and about the premises, indoors and outdoors;
(d) enlarged bathrooms and kitchens and any special equipment installed in them for the benefit of a person with a disability; and
(e) other reasonable accommodations made for the safety, convenience, and comfort of a person with a disability.
History: En. Sec. 1, Ch. 472, L. 1995.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 2. Tax-Exempt Property › 15-6-217. Exemption for vehicle of certain health care professionals

15-6-217. Exemption for vehicle of certain health care professionals.
A motor vehicle that is brought, driven, or coming into this state is exempt from the registration fees imposed in 15-24-301 if the motor vehicle is registered in another state or country by a nonresident person who is a licensed health care professional, as provided in Title 37, chapter 3, 8, 11, 14, 20, 25, 28, or 34, and who is employed in Montana by a rural health care facility that is located in an area that has been:
(1) designated by the secretary of the federal department of health and human services as a health professional shortage area, as provided in 42 U.S.C. 254(e); or
(2) determined to have a critical shortage of nurses, as provided in 42 U.S.C. 297n(a)(3).
History: En. Sec. 2, Ch. 246, L. 1999; amd. Sec. 1, Ch. 436, L. 2001; amd. Sec. 2, Ch. 224, L. 2003.
2023 Montana Code Annotated › Title 15. Taxation › Chapter 6. Property Subject to Taxation › Part 2. Tax-Exempt Property › 15-6-218. Intangible personal property exemption

15-6-218. Intangible personal property exemption.
(1) Intangible personal property is exempt from taxation.
(2) For the purposes of this section, "intangible personal property" means personal property that is not tangible personal property and that:
(a) has no intrinsic value but is the representative or evidence of value, including but not limited to certificates of stock, bonds, promissory notes, licenses, copyrights, patents, trademarks, contracts, software, and franchises; or
(b) lacks physical existence, including but not limited to goodwill.
(3) To the extent that the unit value of centrally assessed property includes intangible personal property, that value must be removed from the unit value.
History: En. Sec. 1, Ch. 583, L. 1999; amd. Sec. 1, Ch. 318, L. 2005.