Montana Statutes
§ 90-5-110 — Taxation Of Projects
Montana·Title 90 PLANNING, RESEARCH, AND DEVELOPMENT·Ch. 5 SECONDARY INDUSTRY AND COMMERCIAL DEVELOPMENT·Part 1 Industrial Development Projects
90-5-110 . Taxation of projects.
(1)Notwithstanding that title to a project may be in a municipality or county, such projects shall be subject to taxation to the same extent, in the same manner, and under the same procedures as privately owned property in similar circumstances if such projects are leased to or held by private interests on both the assessment date and the date the levy is made in any year, but such projects shall not be subject to taxation in any year if they are not leased to or held by private interests on both the assessment date and the date the levy is made in any year.
(2)Where personal property owned by a municipality or county is taxed under this section and such personal property taxes are delinquent, levy by warrant for distraint for collection of such delinquen
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Legislative History
En. Sec. 8, Ch. 51, L. 1965; R.C.M. 1947, 11-4108; amd. Sec. 10, Ch. 239, L. 1983.
Nearby Sections
15
§ 90-5-101
Definitions§ 90-5-102
General Municipal And County Powers§ 90-5-104
Hearing§ 90-5-105
Provisions For Security Of Bondholders§ 90-5-106
Determination Of Costs -- Terms Of Lease§ 90-5-107
Refunding Of Bonds§ 90-5-108
Use Of Proceeds Of Bond Sales§ 90-5-109
Cost Of Projects§ 90-5-110
Taxation Of Projects§ 90-5-111
Powers Cumulative§ 90-5-112
Economic Development Levy§ 90-5-114
Preference Of Montana Labor