Montana § 80-12-211 Income Tax Deduction For Land Sale To Beginning Farmers

Montana Statutes

§ 80-12-211 — Income Tax Deduction For Land Sale To Beginning Farmers

Montana § 80-12-211

Title 80AGRICULTURE

Ch. 12MONTANA AGRICULTURAL LOAN AUTHORITY ACT

Part 2Loans

This text of Montana § 80-12-211 (Income Tax Deduction For Land Sale To Beginning Farmers) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 80-12-211 (2026).

Text

80-12-211 . Income tax deduction for land sale to beginning farmers. A landowner who sells land consisting of 80 acres or more to a beginning farmer at 9% or less interest on a long-term contract is entitled to a reduction in the landowner's taxable income in an amount equal to 100% of any income or capital gain, or both, realized and otherwise subject to state income taxes from the sale, up to a maximum of $50,000, if the transaction is approved by the authority for this purpose.

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80-12-211 . Income tax deduction for land sale to beginning farmers. A landowner who sells land consisting of 80 acres or more to a beginning farmer at 9% or less interest on a long-term contract is entitled to a reduction in the landowner's taxable income in an amount equal to 100% of any income or capital gain, or both, realized and otherwise subject to state income taxes from the sale, up to a maximum of $50,000, if the transaction is approved by the authority for this purpose.