90-7-230. Taxation of projects. (1) Regardless of whether the title to a project is held by the authority or a trustee acting for the authority, if the project is being financed by the authority on behalf of a for-profit corporation or other organization, the project is subject to taxation to the same extent, in the same manner, and under the same procedures as privately owned property in similar circumstances if the project is leased to or held by private interests on both the assessment date and the date the county commissioners set the mill levies in any year. The project is not subject to taxation in any year during which it is not leased to or held by private interests on both the assessment date and the date the county commissioners set the mill levy.
(2) When personal property owned by the authority or a trustee acting for the authority is taxed under this section and the personal property taxes on the personal property are delinquent, levy by warrant for distraint for collection of the delinquent taxes may be made only on the personal property against which the taxes were levied.
History: En. Sec. 51, Ch. 489, L. 2009.
Structure Montana Code Annotated
Title 90. Planning, Research, and Development
Chapter 7. Facility Finance Authority
Part 2. Authority Administration, Powers, and Limitations
90-7-201. Authority -- quorum -- mode of action -- expenses
90-7-204. Agent of the authority
90-7-205. through 90-7-210 reserved
90-7-211. Necessary expenses -- fees
90-7-212. Purchase of bonds by authority
90-7-214. Restriction on operating facility -- leases
90-7-215. through 90-7-219 reserved
90-7-220. Montana developmental center loan
90-7-221. Montana state hospital loan
90-7-222. through 90-7-224 reserved
90-7-225. Procedure prior to financing qualified small bond issue projects
90-7-226. Procedure prior to financing prerelease center projects
90-7-228. Additional reserves, funds, and accounts