Montana § 15-6-137 Class Seven Property -- Description -- Taxable Percentage

Montana Statutes

§ 15-6-137 — Class Seven Property -- Description -- Taxable Percentage

Montana·Title 15 TAXATION·Ch. 6 PROPERTY SUBJECT TO TAXATION·Part 1 Classification

15-6-137 . Class seven property -- description -- taxable percentage.

(1)Except as provided in subsection (2), class seven property includes:

(a)all property owned by cooperative rural electrical associations that serve less than 95% of the electricity consumers within the incorporated limits of a city or town, except rural electric cooperative properties described in 15-6-141 (1)(c);

(b)electric transformers and meters; electric light and power substation machinery; natural gas measuring and regulating station equipment, meters, and compressor station machinery owned by noncentrally assessed public utilities; and tools used in the repair and maintenance of this property.

(2)Class seven property does not include wind generation facilities, biomass generation facilities, energy storage

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15-6-137 . Class seven property -- description -- taxable percentage. (1) Except as provided in subsection (2), class seven property includes:
(a) all property owned by cooperative rural electrical associations that serve less than 95% of the electricity consumers within the incorporated limits of a city or town, except rural electric cooperative properties described in 15-6-141 (1)(c);
(b) electric transformers and meters; electric light and power substation machinery; natural gas measuring and regulating station equipment, meters, and compressor station machinery owned by noncentrally assessed public utilities; and tools used in the repair and maintenance of this property.
(2) Class seven property does not include wind generation facilities, biomass generation facilities, energy storage facilities classified under 15-6-157 , and property classified under 15-6-163 .
(3) Class seven property is taxed at 8% of its market value.

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Legislative History

En. Sec. 7, Ch. 693, L. 1979; amd. Sec. 2, Ch. 330, L. 1981; amd. Sec. 1, Ch. 352, L. 1981; amd. Sec. 61, Ch. 575, L. 1981; amd. Sec. 1, Ch. 576, L. 1989; amd. Sec. 4, Ch. 10, Sp. L. June 1989; amd. Sec. 32, Ch. 505, L. 1997; amd. Sec. 33, Ch. 426, L. 1999; amd. Sec. 4, Ch. 563, L. 2005; amd. Sec. 1, Ch. 357, L. 2009; amd. Sec. 1, Ch. 309, L. 2011; amd. Sec. 3, Ch. 291, L. 2021.