Montana § 15-6-218 - Intangible Personal Property Exemption
Full text of Montana Montana Code Annotated § 15-6-218 — Intangible Personal Property Exemption, with citation guidance and answers to common questions.
§ 15-6-218. Intangible Personal Property Exemption
Intangible personal property exemption. (1) Intangible personal property is exempt from taxation. (2) For the purposes of this section, "intangible personal property" means personal property that is not tangible personal property and that: (a) has no intrinsic value but is the representative or evidence of value, including but not limited to certificates of stock, bonds, promissory notes, licenses, copyrights, patents, trademarks, contracts, software, and franchises; or (b) lacks physical existence, including but not limited to goodwill. (3) To the extent that the unit value of centrally assessed property includes intangible personal property, that value must be removed from the unit value.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 15-6-218
What does Montana Code Annotated § 15-6-218 cover?
Section 15-6-218 ("Intangible Personal Property Exemption") 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 § 15-6-218?
A common citation format is "Montana Code Annotated § 15-6-218" (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 § 15-6-218 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.