{"data":{"id":"us-mt/80-12-211","jurisdiction":"us-mt","citation":"80-12-211","heading":"Income tax deduction for land sale to beginning farmers.","body":"A landowner who sells land consisting of 80 acres or more to a beginning farmer at 9% or less interest on a long-term contract is entitled to a reduction in the landowner's taxable income in an amount equal to 100% of any income or capital gain, or both, realized and otherwise subject to state income taxes from the sale, up to a maximum of $50,000, if the transaction is approved by the authority for this purpose.","path":["TITLE 80. AGRICULTURE","CHAPTER 12. MONTANA AGRICULTURAL LOAN AUTHORITY ACT","Part 2. Loans"],"source_url":"https://mca.legmt.gov/bills/mca/title_0800/chapter_0120/part_0020/section_0110/0800-0120-0020-0110.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T05:00:46Z","sha256":"376b45e70fa19ee817f119a62f6569ccf67990d20d623b3b6d1a5c7366686bb5","source_id":"us-mt","stale":false,"prev":"us-mt/80-12-206","next":"us-mt/80-12-212"},"notice":"GroundRules: Original legal text. Not legal advice."}