7-6-103. Computation of payment in lieu of taxes. The amount of any payment of sums in lieu of taxes may be based on the estimated cost to each political subdivision, for and on whose behalf the agreement is entered into, of performing services for the benefit of a project during the period of the agreement, after taking into consideration the benefits to be derived by the subdivision from such project, but shall not be in excess of the taxes which would result to the subdivision for the said period if the real property of the project within the subdivision were taxable.
History: En. Sec. 3, Ch. 59, L. 1939; R.C.M. 1947, 84-5508.
Structure Montana Code Annotated
Chapter 6. Financial Administration and Taxation
Part 1. In-Lieu Payments for Taxes
7-6-102. Authorization to request in-lieu payments for taxes from United States
7-6-103. Computation of payment in lieu of taxes
7-6-104. Procedure to file agreement and collect in-lieu payments
7-6-105. Establishment and use of government project fund
7-6-106. Political subdivisions to receive county warrants for share of in-lieu payments
7-6-107. Procedure for subdivisions other than county to deal directly with United States
7-6-108. Disposition of in-lieu payments by subdivisions
7-6-109. Requirement to provide services in absence of agreement