7-14-1638. Tax exemption. Property in this state acquired by an authority for railroad purposes pursuant to the provisions of this part and income derived by the authority from the ownership, operation, or control of property are exempt from taxation to the same extent as other property used for public purposes.
History: En. Sec. 18, Ch. 333, L. 1993.
Structure Montana Code Annotated
7-14-1602. Purpose -- public and governmental functions
7-14-1603. through 7-14-1610 reserved
7-14-1611. Resolution of intention to create rail authority
7-14-1612. Notice of resolution -- hearing
7-14-1613. County rail authority
7-14-1614. through 7-14-1620 reserved
7-14-1621. Regional rail authority
7-14-1623. Cooperation of county
7-14-1624. General powers of authority
7-14-1625. Railroad acquisition and operation -- permits -- eminent domain
7-14-1626. through 7-14-1630 reserved
7-14-1632. Mill levy authorized
7-14-1633. Election required to impose mill levy
7-14-1634. Collection of tax and disposition of funds
7-14-1635. Contracts for operation and use of facilities