Montana § 15-68-201 Nontaxable Transaction Certificate -- Requirements

Montana Statutes

§ 15-68-201 — Nontaxable Transaction Certificate -- Requirements

Montana § 15-68-201

Title 15TAXATION

Ch. 68SALES TAX

Part 2Nontaxable Transactions and Exemptions

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Bluebook

Mont. Code Ann. § 15-68-201 (2026).

Text

15-68-201 . Nontaxable transaction certificate -- requirements.

(1)A nontaxable transaction certificate executed by a buyer or lessee must be in the possession of the seller or lessor at the time that a nontaxable transaction occurs.

(2)A nontaxable transaction certificate must contain the information and be in the form prescribed by the department.

(3)Only a buyer or lessee who has registered with the department and whose seller's permit is valid may execute a nontaxable transaction certificate.

(4)If the seller or lessor accepts a nontaxable transaction certificate within the required time and believes in good faith that the buyer or lessee will employ the property or service transferred in a nontaxable manner, the properly executed nontaxable transaction certificate is considered co

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15-68-201 . Nontaxable transaction certificate -- requirements. (1) A nontaxable transaction certificate executed by a buyer or lessee must be in the possession of the seller or lessor at the time that a nontaxable transaction occurs.
(2) A nontaxable transaction certificate must contain the information and be in the form prescribed by the department.
(3) Only a buyer or lessee who has registered with the department and whose seller's permit is valid may execute a nontaxable transaction certificate.
(4) If the seller or lessor accepts a nontaxable transaction certificate within the required time and believes in good faith that the buyer or lessee will employ the property or service transferred in a nontaxable manner, the properly executed nontaxable transaction certificate is considered conclusive evidence that the sale is nontaxable.