Montana § 15-36-309 Certain Royalties Exempt

Montana Statutes

§ 15-36-309 — Certain Royalties Exempt

Montana·Title 15 TAXATION·Ch. 36 OIL AND GAS PRODUCTION TAX·Part 3 Oil and Gas Production Tax Act

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.

Montana § 15-36-309 (Certain Royalties Exempt) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.