15-24-1201. State and other exempt property held under contract -- when taxable. Property of the state of Montana or any department, agency, or subdivision of the state or any other property not subject to ad valorem tax to the owner of the property by reason of the legal status of the owner, held under contract of sale or lease with option to purchase with lease money applicable to the purchase price by any person for the person's exclusive use, is subject to assessment to the purchaser or lessee for ad valorem property taxation.
History: En. Sec. 1, Ch. 39, L. 1965; R.C.M. 1947, 84-204; amd. Sec. 157, Ch. 56, L. 2009.
Structure Montana Code Annotated
Chapter 24. Special Property Tax Applications
Part 12. State and Other Exempt Property
15-24-1201. State and other exempt property held under contract -- when taxable
15-24-1202. Taxable interests in state and other exempt property -- assessment
15-24-1204. Rate of privilege -- tax credit for federal payments in lieu of taxes
15-24-1205. Privilege tax -- assessment and collection -- no lien
15-24-1206. County suit for delinquent privilege tax
15-24-1207. Reporting requirements -- penalty -- rules
15-24-1208. Apportionment of tax-exempt property
15-24-1209. Adjustment of taxes for formerly taxed property -- presumption of taxability