Montana Statutes
§ 80-12-305 — Tax Exemption Of Bonds
80-12-305 . Tax exemption of bonds. Bonds issued by the authority under this chapter and their transfer and income, including any profits made on their sale, are exempt from taxation by the state or any political subdivision or other instrumentality of the state, except for estate taxes. The authority is not required to pay recording or transfer fees or taxes on instruments recorded by it.
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 80-12-305 (Tax Exemption Of Bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 22, Ch. 580, L. 1983; amd. Sec. 33, Ch. 9, Sp. L. May 2000.
Nearby Sections
15
§ 80-12-101
Short Title§ 80-12-102
Definitions§ 80-12-104
Powers To Be Interpreted Broadly§ 80-12-201
Loan Agreements -- General Provisions§ 80-12-202
Immediate Repayment§ 80-12-203
Qualifications Of Applicants§ 80-12-204
Evaluation Of Applicants§ 80-12-205
Purchase Of Loans§ 80-12-206
Through 80-12-210 Reserved§ 80-12-212
Through 80-12-214 Reserved§ 80-12-215
Loan Guaranty Program§ 80-12-216
Agricultural Loan Guaranty Fund