Montana § 15-6-131 Class One Property -- Description -- Taxable Percentage

Montana Statutes

§ 15-6-131 — Class One Property -- Description -- Taxable Percentage

Montana § 15-6-131

Title 15TAXATION

Ch. 6PROPERTY SUBJECT TO TAXATION

Part 1Classification

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Bluebook

Mont. Code Ann. § 15-6-131 (2026).

Text

15-6-131 . Class one property -- description -- taxable percentage.

(1)Class one property includes the annual net proceeds of all mines and mining claims except bentonite, coal, and metal mines.

(2)Class one property is taxed at 100% of its annual net proceeds after deducting the expenses specified and allowed by 15-23-503 or, for talc, as provided in 15-23-515 or, for vermiculite, as provided in 15-23-516 or, for limestone, as provided in 15-23-517 or, for industrial garnets and associated byproducts, as provided in 15-23-518 .

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15-6-131 . Class one property -- description -- taxable percentage. (1) Class one property includes the annual net proceeds of all mines and mining claims except bentonite, coal, and metal mines.
(2) Class one property is taxed at 100% of its annual net proceeds after deducting the expenses specified and allowed by 15-23-503 or, for talc, as provided in 15-23-515 or, for vermiculite, as provided in 15-23-516 or, for limestone, as provided in 15-23-517 or, for industrial garnets and associated byproducts, as provided in 15-23-518 .

Legislative History

En. Sec. 1, Ch. 693, L. 1979; amd. Sec. 1, Ch. 323, L. 1983; amd. Sec. 3, Ch. 531, L. 1989; amd. Sec. 3, Ch. 695, L. 1991; amd. Sec. 1, Ch. 700, L. 1991; amd. Sec. 3, Ch. 506, L. 1993; amd. Sec. 3, Ch. 397, L. 1995; amd. Sec. 12, Ch. 559, L. 2005.