Montana Statutes
§ 15-38-121 — Certain Royalties Exempt
Montana § 15-38-121
JurisdictionMontana
Title 15TAXATION
Ch. 38RESOURCE INDEMNITY TRUST AND GROUND WATER ASSESSMENT
Part 1General Provisions
This text of Montana § 15-38-121 (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. § 15-38-121 (2026).
Text
15-38-121 . Certain royalties exempt. Exempt from taxation are royalties received by:
(1)an Indian tribe with respect to mineral 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.
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Related
§ 396a
25 U.S.C. § 396a
Legislative History
En. Sec. 1, Ch. 536, L. 1989; amd. Sec. 1, Ch. 92, L. 1991; amd. Sec. 35, Ch. 451, L. 1995.
Nearby Sections
15
§ 15-38-101
Short Title§ 15-38-102
Legislative Policy§ 15-38-103
Definitions§ 15-38-104
Tax On Mineral Production§ 15-38-105
Report Of Gross Yield From Mines§ 15-38-108
Warrant For Distraint§ 15-38-109
Restricted Access To Records§ 15-38-112
Statute Of Limitations§ 15-38-114
Through 15-38-120 Reserved§ 15-38-121
Certain Royalties ExemptCite This Page — Counsel Stack
Bluebook (online)
Montana § 15-38-121, Counsel Stack Legal Research, https://law.counselstack.com/statute/mt/38/15-38-121.