Montana Statutes
§ 15-38-121 — Certain Royalties Exempt
Montana·Title 15 TAXATION·Ch. 38 RESOURCE INDEMNITY TRUST AND GROUND WATER ASSESSMENT·Part 1 General Provisions
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 Exempt