GroundRules
15-38-121: Certain royalties exempt.
Where this section sits in the code
- TITLE 15. TAXATION
- CHAPTER 38. RESOURCE INDEMNITY TRUST AND GROUND WATER ASSESSMENT
- Part 1. General Provisions
Exempt from taxation are royalties received by:
(1) an Indian tribe with respect to mineral 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.
Collected 2026-09-14T04:47:37Z. Source file · JSON