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Montana Code Annotated — Title 15 (Taxation)

Mont. Code Ann. § 15-6-218

Intangible Personal Property Exemption

Official textleg.mt.gov

15-6-218 . Intangible personal property exemption. (1) Intangible personal property is exempt from taxation.

(2) For the purposes of this section, "intangible personal property" means personal property that is not tangible personal property and that:

# (a)

has no intrinsic value but is the representative or evidence of value, including but not limited to certificates of stock, bonds, promissory notes, licenses, copyrights, patents, trademarks, contracts, software, and franchises; or

# (b)

lacks physical existence, including but not limited to goodwill.

(3) To the extent that the unit value of centrally assessed property includes intangible personal property, that value must be removed from the unit value.

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In this chapter (40 sections)
  1. 15-6-192 · Repealed
  2. 15-6-193 · Repealed
  3. 15-6-194 · Rules
  4. 15-6-201 · Governmental, Charitable, And Educational Categories --…
  5. 15-6-202 · Freeport Merchandise And Business Inventories Exemption --…
  6. 15-6-203 · Veterans' Exemptions -- Clubhouse -- Land -- Incompetent…
  7. 15-6-204 · Money And Credits Exemption
  8. 15-6-205 · State Water Conservation Projects Exempt
  9. 15-6-206 · Irrigation And Drainage Facilities -- When Exempt
  10. 15-6-207 · Agricultural Producer Exemptions -- Products -- Unused Beet…
  11. 15-6-208 · Mineral Exemptions -- Small Coal Or Metal Mines Producer --…
  12. 15-6-209 · Community Services Buildings Exempt
  13. 15-6-210 · Repealed
  14. 15-6-211 · Repealed
  15. 15-6-212 · Repealed
  16. 15-6-213 · Down-Hole Equipment In Oil And Gas Wells Exempt
  17. 15-6-214 · Terminated
  18. 15-6-215 · Exemption For Motion Picture And Television Commercial…
  19. 15-6-216 · Exemption Of Improvements Made To Commercial Buildings To…
  20. 15-6-217 · Exemption For Vehicle Of Certain Health Care Professionals
  21. 15-6-218 · Intangible Personal Property Exemption
  22. 15-6-219 · Personal And Other Property Exemptions
  23. 15-6-220 · Agricultural Processing Facilities Exemption
  24. 15-6-221 · Exemption For Rental Housing Providing Affordable Housing To…
  25. 15-6-222 · Repealed
  26. 15-6-223 · Timber Exemption
  27. 15-6-224 · Nonfossil Energy Generation
  28. 15-6-225 · Small Electrical Generation Equipment Exemption
  29. 15-6-226 · Terminated
  30. 15-6-227 · Property On Railroad Land Leased By Nonprofit Organizations
  31. 15-6-228 · Property Subject To Registration Fee
  32. 15-6-229 · Exemption For Land Adjacent To Transmission Line…
  33. 15-6-230 · Temporary Exemption For Certain Tribal Property -- Rulemaking
  34. 15-6-231 · Terminated
  35. 15-6-232 · Terminated
  36. 15-6-233 · Terminated
  37. 15-6-234 · Duty To Report Change In Use
  38. 15-6-235 · New Property Tax Exemptions -- Department Notification To…
  39. 15-6-236 · Reserved
  40. 15-6-237 · Periodic Review Of Exempt Property -- Rulemaking
Full table of contents →