Montana Code 17-5-1524. Taxation of projects
17-5-1524. Taxation of projects. (1) Notwithstanding the fact that title to a project may be in the board, such projects are subject to taxation to the same extent, in the same manner, and under the same procedures as privately owned property in similar circumstances if such projects are leased to or held by private interests on both the assessment date and the date the levy is made in that year. Such projects are not subject to taxation in any year if they are not leased to or held by private interests on both the assessment date and the date the levy is made in that year.
Terms Used In Montana Code 17-5-1524
- Board: means the board of investments created in 2-15-1808. See Montana Code 17-5-1503
- Personal property: All property that is not real property.
- Personal property: means money, goods, chattels, things in action, and evidences of debt. See Montana Code 1-1-205
- Project: means a project as defined in 90-5-101. See Montana Code 17-5-1503
- Property: means real and personal property. See Montana Code 1-1-205
(2)When personal property owned by the board is taxed under this section and such personal property taxes are delinquent, levy by warrant for distraint for collection of such delinquent taxes may be made only on personal property against which such taxes were levied.