TITLE 15. TAXATION

CHAPTER 36. OIL AND GAS PRODUCTION TAX

Part 3. Oil and Gas Production Tax Act

Certain Royalties Exempt

15-36-309. Certain royalties exempt. Exempt from taxation are royalties received by:

(1) an Indian tribe with respect to on-reservation oil and gas 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 in Montana.

History: En. Sec. 6, Ch. 451, L. 1995.