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Montana Code Annotated — Title 15 (Taxation)

Mont. Code Ann. § 15-68-211

Nontaxability -- Use Of Property For Leasing

Official textleg.mt.gov

15-68-211 . Nontaxability -- use of property for leasing. The value of leased property is not considered in computing the use tax due if the person holding the property for lease:

# (1)

is engaged in a business that derives a substantial portion of its receipts from leasing or selling property of the type leased;

# (2)

does not use the property in any manner other than holding it for lease or sale or leasing or selling it either by itself or in combination with other tangible personal property in the ordinary course of business; and

# (3)

does not use the property in a manner incidental to the performance of a service.

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In this chapter (40 sections)
  1. 15-68-101 · Definitions
  2. 15-68-102 · Imposition And Rate Of Sales Tax And Use Tax -- Exceptions
  3. 15-68-103 · Presumption Of Taxability -- Value -- Rules
  4. 15-68-104 · And 15-68-105 Reserved
  5. 15-68-106 · Separate Statement Of Tax -- No Advertising To Absorb Or…
  6. 15-68-107 · Liability Of User For Payment Of Use Tax
  7. 15-68-108 · And 15-68-109 Reserved
  8. 15-68-110 · Collection Of Sales Tax And Use Tax -- Listing Of Business…
  9. 15-68-111 · Short-Term Rental Marketplace Registration -- Collection Of…
  10. 15-68-201 · Nontaxable Transaction Certificate -- Requirements
  11. 15-68-202 · Nontaxable Transaction Certificate -- Form
  12. 15-68-203 · Through 15-68-205 Reserved
  13. 15-68-206 · Exemption -- Government Agencies
  14. 15-68-207 · Exemption -- Isolated Or Occasional Sale Or Lease Of…
  15. 15-68-208 · Nontaxability -- Sale Of Property For Resale
  16. 15-68-209 · Nontaxability -- Sale Of Service For Resale
  17. 15-68-210 · Nontaxability -- Lease For Subsequent Lease
  18. 15-68-211 · Nontaxability -- Use Of Property For Leasing
  19. 15-68-212 · Nontaxability -- Nonprofits
  20. 15-68-401 · Seller's Permit
  21. 15-68-402 · Permit Application -- Requirements -- Place Of Business --…
  22. 15-68-403 · And 15-68-404 Reserved
  23. 15-68-405 · Revocation Or Suspension Of Permit -- Appeal
  24. 15-68-406 · Through 15-68-409 Reserved
  25. 15-68-410 · Improper Use Of Subject Of Purchase Obtained With…
  26. 15-68-411 · Commingling Nontaxable Certificate Goods
  27. 15-68-501 · Liability For Payment Of Tax -- Security For Retailer…
  28. 15-68-502 · Returns -- Payment -- Authority Of Department
  29. 15-68-503 · And 15-68-504 Reserved
  30. 15-68-505 · Credit For Taxes Paid On Worthless Accounts -- Taxes Paid…
  31. 15-68-506 · Credit -- Out-Of-State Taxes
  32. 15-68-507 · Through 15-68-509 Reserved
  33. 15-68-510 · Vendor Allowance
  34. 15-68-511 · Reserved
  35. 15-68-512 · Security -- Limitations -- Sale Of Security Deposit At…
  36. 15-68-513 · Examination Of Return -- Adjustments -- Penalty And…
  37. 15-68-514 · Penalties And Interest For Violation
  38. 15-68-515 · Reserved
  39. 15-68-516 · Authority To Collect Delinquent Taxes
  40. 15-68-517 · Interest On Deficiency
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