Montana § 15-23-507 - Taxation And Payment On Royalty Interests
Full text of Montana Montana Code Annotated § 15-23-507 — Taxation And Payment On Royalty Interests, with citation guidance and answers to common questions.
§ 15-23-507. Taxation And Payment On Royalty Interests
Taxation and payment on royalty interests. At the time of computing net proceeds assessments, the department shall also determine the royalty lists or schedules for each county in which the mines and mining claims are located. The department shall prepare from the net proceeds and royalty assessments a tax roll that must be furnished to the county treasurer on or before the following September 15. Upon furnishing the tax roll, the taxes are due and payable. Assessments of royalty on production of metals and minerals other than petroleum and natural gas must be entered by the department in the property tax record in the name of the recipient or owner of the royalty. The county treasurer shall give full notice of the assessment to the recipient or royalty owner and shall collect the taxes in the same manner as taxes on net proceeds of mines. Taxes on the royalty assessments and taxes on net proceeds of mines are payable at the times specified in 15-16-102 , and any delinquencies in the payment are subject to the interest and penalties provided in 15-16-102 .
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 15-23-507
What does Montana Code Annotated § 15-23-507 cover?
Section 15-23-507 ("Taxation And Payment On Royalty Interests") 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 § 15-23-507?
A common citation format is "Montana Code Annotated § 15-23-507" (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 § 15-23-507 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.