Montana § 15-6-131 - Class One Property -- Description -- Taxable Percentage
Full text of Montana Montana Code Annotated § 15-6-131 — Class One Property -- Description -- Taxable Percentage, with citation guidance and answers to common questions.
§ 15-6-131. Class One Property -- Description -- Taxable Percentage
Class one property -- description -- taxable percentage. (1) Class one property includes the annual net proceeds of all mines and mining claims except bentonite, coal, and metal mines. (2) Class one property is taxed at 100% of its annual net proceeds after deducting the expenses specified and allowed by 15-23-503 or, for talc, as provided in 15-23-515 or, for vermiculite, as provided in 15-23-516 or, for limestone, as provided in 15-23-517 or, for industrial garnets and associated byproducts, as provided in 15-23-518 .
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 15-6-131
What does Montana Code Annotated § 15-6-131 cover?
Section 15-6-131 ("Class One Property -- Description -- Taxable Percentage") 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 § 15-6-131?
A common citation format is "Montana Code Annotated § 15-6-131" (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 § 15-6-131 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.