Montana § 15-24-2001 Definitions

Montana Statutes

§ 15-24-2001 — Definitions

Montana § 15-24-2001

Title 15TAXATION

Ch. 24SPECIAL PROPERTY TAX APPLICATIONS

Part 20Local Economic Development Organizations

This text of Montana § 15-24-2001 (Definitions) 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. § 15-24-2001 (2026).

Text

15-24-2001 . Definitions. Unless the context requires otherwise, the following definitions apply to this part:

(1)"Building and land" means commercial improvements and land sold or donated to a local economic development organization for subsequent sale or lease to a profit-oriented, employment-stimulating business. The term includes commercial property that has not been used in a business for 6 months immediately preceding the sale or donation of the building and land to the local economic development organization.

(2)"Local economic development organization" means a private, nonprofit organization whose primary purposes are to develop the economy of its area and to provide assistance to businesses in that area.

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15-24-2001 . Definitions. Unless the context requires otherwise, the following definitions apply to this part:
(1) "Building and land" means commercial improvements and land sold or donated to a local economic development organization for subsequent sale or lease to a profit-oriented, employment-stimulating business. The term includes commercial property that has not been used in a business for 6 months immediately preceding the sale or donation of the building and land to the local economic development organization.
(2) "Local economic development organization" means a private, nonprofit organization whose primary purposes are to develop the economy of its area and to provide assistance to businesses in that area.