Montana Code 17-3-303. Basis for amount of payment
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17-3-303. Basis for amount of payment. The amount of any payment of sums in lieu of taxes may be based on the estimated cost to the state of performing services for the benefit of the projects during the period of agreement, after taking into consideration the benefits to be derived by the state from such projects, but shall not be in excess of the taxes which would result to the state for the period if the real property of the projects within the state were taxable.
Terms Used In Montana Code 17-3-303
- Agreement: shall mean contract and shall include renewals and alterations of a contract. See Montana Code 17-3-301
- Services: shall mean such public and state functions as are performed for property in and persons residing within this state. See Montana Code 17-3-301
- State: shall mean the state of Montana. See Montana Code 17-3-301