2022 Montana Code Annotated
Title 15. Taxation
Chapter 6. Property Subject to Taxation
Part 2. Tax-Exempt Property
15-6-227. Property on railroad land leased by nonprofit organizations
15-6-227. Property on railroad land leased by nonprofit organizations. (1) A building and appurtenant land or just the appurtenant land, not exceeding 2.5 acres, owned by a railroad as defined in 69-14-102 and leased for less than $100 a year to a nonprofit organization exempt from taxation under section 26 U.S.C. 501(c)(3) or to a government entity is exempt from property taxation if:
(a) the building was constructed on a railroad right-of-way by a railroad prior to the year 2000; and
(b) the property is directly used for purely public charitable purposes.
(2) A building and land exempted under this section are subject to fees and assessments for services and special improvements that are collected with property taxes.
History: En. Sec. 1, Ch. 370, L. 2003; amd. Sec. 3, Ch. 104, L. 2015.
