15-6-208. Mineral exemptions — small coal or metal mines producer — travertine — bentonite. (1) One-half of the contract sales price of coal sold by a coal producer who extracts less than 50,000 tons of coal in a calendar year is exempt from taxation.

Terms Used In Montana Code 15-6-208

  • Contract: A legal written agreement that becomes binding when signed.
  • Property: means real and personal property. See Montana Code 1-1-205

(2)Metal mines producing less than 20,000 tons of ore in a taxable year are exempt from property taxation on one-half of the merchantable value.

(3)The first 1,000 tons of travertine and building stone extracted from a mine in a tax year are exempt from property taxation.

(4)Bentonite extracted from a mine is exempt from property taxation.