Montana § 15-24-1204 Rate Of Privilege -- Tax Credit For Federal Payments In Lieu Of Taxes

Montana Statutes

§ 15-24-1204 — Rate Of Privilege -- Tax Credit For Federal Payments In Lieu Of Taxes

Montana § 15-24-1204

Title 15TAXATION

Ch. 24SPECIAL PROPERTY TAX APPLICATIONS

Part 12State and Other Exempt Property

This text of Montana § 15-24-1204 (Rate Of Privilege -- Tax Credit For Federal Payments In Lieu Of Taxes) 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. § 15-24-1204 (2026).

Text

15-24-1204 . Rate of privilege -- tax credit for federal payments in lieu of taxes. The tax imposed upon the possession or other beneficial use of tax-exempt property for industrial, trade, or other business purposes is on the separate private interest in the tax-exempt property. The amount of payments that are made in lieu of taxes must be credited against the amount of tax that is imposed upon the beneficial use of property owned by the federal government.

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15-24-1204 . Rate of privilege -- tax credit for federal payments in lieu of taxes. The tax imposed upon the possession or other beneficial use of tax-exempt property for industrial, trade, or other business purposes is on the separate private interest in the tax-exempt property. The amount of payments that are made in lieu of taxes must be credited against the amount of tax that is imposed upon the beneficial use of property owned by the federal government.