Montana § 15-36-309 - Certain Royalties Exempt
Full text of Montana Montana Code Annotated § 15-36-309 — Certain Royalties Exempt, with citation guidance and answers to common questions.
§ 15-36-309. Certain Royalties Exempt
Certain royalties exempt. Exempt from taxation are royalties received by: (1) an Indian tribe with respect to on-reservation oil and gas production pursuant to a lease entered into under the Indian Mineral Leasing Act of 1938, 25 U.S.C. 396a through 396g; (2) the United States as trustee for individual Indians; and (3) the United States, the state of Montana, or a county or municipal government in Montana.
Frequently Asked Questions About Montana § 15-36-309
What does Montana Code Annotated § 15-36-309 cover?
Section 15-36-309 ("Certain Royalties Exempt") 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 § 15-36-309?
A common citation format is "Montana Code Annotated § 15-36-309" (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 § 15-36-309 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.