72-16-903. Taxable situs of property. For the purpose of the estate tax, the following have taxable situs in this state:

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Terms Used In Montana Code 72-16-903

  • 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
  • Property: means real and personal property. See Montana Code 1-1-205
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201

(1)real property located in this state;

(2)tangible personal property located in this state; and

(3)intangible personal property owned by a resident regardless of where it is located.