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Montana Title 15. Taxation § 15-38-121. Certain royalties exempt

Current as of January 01, 2024 | Updated by Findlaw Staff

Exempt from taxation are royalties received by:

(1) an Indian tribe with respect to mineral production pursuant to a lease entered into under the Indian Mineral Leasing Act of 1938, 25 U.S.C. 396a through 396g;

(2) the United States as trustee for individual Indians; and

(3) the United States, the state of Montana, or a county or municipal government.

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Cite this article: FindLaw.com - Montana Title 15. Taxation § 15-38-121. Certain royalties exempt - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-15-taxation/mt-st-15-38-121/

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