7-14-1137. Tax exemption. Any property in this state acquired by an authority for port purposes pursuant to the provisions of this part, any income derived by the authority from the ownership, operation, or control thereof, including property acquired, and income derived from organizations, including corporations organized under Title 32, chapter 4, whose purpose is to advance the economic development of its jurisdiction and of the state and its citizens, are exempt from taxation to the same extent as other property used for public purposes.
History: En. Sec. 17, Ch. 456, L. 1985; amd. Sec. 5, Ch. 507, L. 1989.
Structure Montana Code Annotated
7-14-1101. Local port authority
7-14-1102. Regional port authority
7-14-1104. Purpose -- public and governmental functions
7-14-1105. Cooperation of county or municipality
7-14-1106. Election of local port authority commissioners
7-14-1107. through 7-14-1110 reserved
7-14-1111. General powers of authority
7-14-1113. through 7-14-1120 reserved
7-14-1121. Supplementary powers
7-14-1122. through 7-14-1124 reserved
7-14-1125. Granting of operation and use privileges
7-14-1126. Port property -- disposal
7-14-1127. through 7-14-1130 reserved
7-14-1133. Bonds and obligations
7-14-1134. Method of funding deficiency -- election required