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     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.

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