Minnesota § 273.41 AMOUNT OF TAX; DISTRIBUTION

Minnesota Statutes

§ 273.41 — AMOUNT OF TAX; DISTRIBUTION

Minnesota § 273.41

PartPROPERTY TAXES

Ch. 273TAXES; LISTING, ASSESSMENT

This text of Minnesota § 273.41 (AMOUNT OF TAX; DISTRIBUTION) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 273.41 (2026).

Text

There is hereby imposed upon each such cooperative association on December 31 of each year a tax of $10 for each 100 members, or fraction thereof, of such association. The tax, when paid, shall be in lieu of all personal property taxes, state, county, or local, upon that part of the association's distribution system, not including substations, or transmission or generation equipment, located in rural areas. The tax shall be payable on or before March 1 of the next succeeding year, to the commissioner of revenue. If the tax, or any portion thereof, is not paid within the time herein specified for the payment thereof, there shall be added thereto a specific penalty equal to ten percent of the amount so remaining unpaid. Such penalty shall be collected as part of said tax, and the amount of s

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There is hereby imposed upon each such cooperative association on December 31 of each year a tax of $10 for each 100 members, or fraction thereof, of such association. The tax, when paid, shall be in lieu of all personal property taxes, state, county, or local, upon that part of the association's distribution system, not including substations, or transmission or generation equipment, located in rural areas. The tax shall be payable on or before March 1 of the next succeeding year, to the commissioner of revenue. If the tax, or any portion thereof, is not paid within the time herein specified for the payment thereof, there shall be added thereto a specific penalty equal to ten percent of the amount so remaining unpaid. Such penalty shall be collected as part of said tax, and the amount of said tax not timely paid, together with said penalty, shall bear interest at the rate specified in section270C.40from the time such tax should have been paid until paid. The commissioner shall deposit the amount so received in the general fund of the state treasury.

Legislative History

1939 c 303 s 3;1951 c 590 s 1;1959 c 158 s 18;Ex1971 c 31 art 20 s 7;1973 c 582 s 3;1973 c 650 art 3 s 1;1975 c 377 s 8;2005 c 151 art 2 s 17;1Sp2025 c 13 art 2 s 10