Montana § 15-36-309 Certain Royalties Exempt

Montana Statutes

§ 15-36-309 — Certain Royalties Exempt

Montana § 15-36-309

Title 15TAXATION

Ch. 36OIL AND GAS PRODUCTION TAX

Part 3Oil and Gas Production Tax Act

This text of Montana § 15-36-309 (Certain Royalties Exempt) 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. § 15-36-309 (2026).

Text

15-36-309 . Certain royalties exempt. Exempt from taxation are royalties received by:

(1)an Indian tribe with respect to on-reservation oil and gas 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 in Montana.

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15-36-309 . Certain royalties exempt. Exempt from taxation are royalties received by:
(1) an Indian tribe with respect to on-reservation oil and gas 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 in Montana.