15-39-103. Taxation of royalties. All royalty amounts paid or apportioned in kind to royalty owners for which the statement is made under 15-39-102 are taxed at 15% of the amount paid or apportioned in kind to the royalty owner and are paid as provided in 15-39-102.
History: En. Sec. 3, Ch. 559, L. 2005.
Structure Montana Code Annotated
Chapter 39. Taxation of Bentonite
15-39-101. Production tax rates imposed on bentonite production
15-39-102. Semiannual payment of tax -- statement -- authority of department
15-39-103. Taxation of royalties
15-39-104. Examination of statement -- adjustments -- delivery of notices and demands
15-39-105. Penalties and interest for violation
15-39-106. Authority to collect delinquent taxes
15-39-107. Interest on deficiency -- penalty
15-39-109. Credit or refund for overpayment -- refund from county -- interest on overpayment