Montana § 15-68-211 - Nontaxability -- Use Of Property For Leasing
Full text of Montana Montana Code Annotated § 15-68-211 — Nontaxability -- Use Of Property For Leasing, with citation guidance and answers to common questions.
§ 15-68-211. Nontaxability -- Use Of Property For Leasing
Nontaxability -- use of property for leasing. The value of leased property is not considered in computing the use tax due if the person holding the property for lease: (1) is engaged in a business that derives a substantial portion of its receipts from leasing or selling property of the type leased; (2) does not use the property in any manner other than holding it for lease or sale or leasing or selling it either by itself or in combination with other tangible personal property in the ordinary course of business; and (3) does not use the property in a manner incidental to the performance of a service.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 15-68-211
What does Montana Code Annotated § 15-68-211 cover?
Section 15-68-211 ("Nontaxability -- Use Of Property For Leasing") 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 § 15-68-211?
A common citation format is "Montana Code Annotated § 15-68-211" (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 § 15-68-211 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.