Montana § 15-23-505 - Assessment Of Royalties
Full text of Montana Montana Code Annotated § 15-23-505 — Assessment Of Royalties, with citation guidance and answers to common questions.
§ 15-23-505. Assessment Of Royalties
Assessment of royalties. Upon receipt of the list or schedule setting forth the names and addresses of any and all persons owning or claiming royalty and the amount paid or yielded as royalty to the royalty owners or claimants during the year for which the return is made, the department of revenue shall proceed to assess and tax the royalties on the same basis as net proceeds of mines are taxed as provided by 15-6-131 .
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 15-23-505
What does Montana Code Annotated § 15-23-505 cover?
Section 15-23-505 ("Assessment Of Royalties") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 15-23-505?
A common citation format is "Montana Code Annotated § 15-23-505" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 15-23-505 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.