15-16-802. Suspension of certain state taxes. (1) Delinquent taxes, penalties, and interest for taxable years prior to 1988 are suspended for 36 months from May 22, 1989, for an airline incorporated in Montana that has filed for chapter 11 bankruptcy before May 22, 1989.
     (2) The tax suspension provided by this section applies to property taxes levied under Title 15, chapter 10, 20-9-331, and 20-9-333.
     (3) The repayment of all delinquent taxes, penalties, and interest suspended under subsection (1) must be included in the chapter 11 bankruptcy reorganization plan of the airline.

     History: En. Sec. 1, Ch. 699, L. 1989.