Montana Code 15-68-210. Nontaxability — lease for subsequent lease

15-68-210. Nontaxability — lease for subsequent lease. The lease of property is nontaxable if:

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Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
Property: means real and personal property. See Montana Code 1-1-205

(1)the lease is made to a lessee who delivers a nontaxable transaction certificate; and

(2)the lessee does not use the property in any manner other than for subsequent lease in the ordinary course of business.