Montana Code 15-68-208. Nontaxability — sale of property for resale
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15-68-208. Nontaxability — sale of property for resale. The sale of property is nontaxable if:
Terms Used In Montana Code 15-68-208
- Property: means real and personal property. See Montana Code 1-1-205
(1)the sale is made to a buyer who delivers a nontaxable transaction certificate to the seller;
(2)the buyer resells the property either by itself or in combination with other property; and
(3)the subsequent sale is in the ordinary course of business and the property will be subject to the sales tax.