Montana § 15-6-218 Intangible Personal Property Exemption

Montana Statutes

§ 15-6-218 — Intangible Personal Property Exemption

Montana § 15-6-218

Title 15TAXATION

Ch. 6PROPERTY SUBJECT TO TAXATION

Part 2Tax-Exempt Property

This text of Montana § 15-6-218 (Intangible Personal Property Exemption) 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. § 15-6-218 (2026).

Text

15-6-218 . Intangible personal property exemption.

(1)Intangible personal property is exempt from taxation.

(2)For the purposes of this section, "intangible personal property" means personal property that is not tangible personal property and that:

(a)has no intrinsic value but is the representative or evidence of value, including but not limited to certificates of stock, bonds, promissory notes, licenses, copyrights, patents, trademarks, contracts, software, and franchises; or

(b)lacks physical existence, including but not limited to goodwill.

(3)To the extent that the unit value of centrally assessed property includes intangible personal property, that value must be removed from the unit value.

Free access — add to your briefcase to read the full text and ask questions with AI

15-6-218 . Intangible personal property exemption. (1) Intangible personal property is exempt from taxation.
(2) For the purposes of this section, "intangible personal property" means personal property that is not tangible personal property and that:
(a) has no intrinsic value but is the representative or evidence of value, including but not limited to certificates of stock, bonds, promissory notes, licenses, copyrights, patents, trademarks, contracts, software, and franchises; or
(b) lacks physical existence, including but not limited to goodwill.
(3) To the extent that the unit value of centrally assessed property includes intangible personal property, that value must be removed from the unit value.