Minnesota § 290.20 NET INCOME; ALLOCATION TO STATE

Minnesota Statutes

§ 290.20 — NET INCOME; ALLOCATION TO STATE

Minnesota § 290.20

PartVARIOUS STATE TAXES AND PROGRAMS

Ch. 290INCOME AND FRANCHISE TAXES

This text of Minnesota § 290.20 (NET INCOME; ALLOCATION TO STATE) 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. § 290.20 (2026).

Text

Subdivision 1.Statutory methods to determine; petition for use of other methods. The methods prescribed by section290.191shall be presumed to determine fairly and correctly the taxpayer's taxable net income allocable to this state. If the methods prescribed by section290.191do not fairly reflect all or any part of taxable net income allocable to this state, the taxpayer may petition for or the commissioner may require the determination of net income by the use of another method, if that method fairly reflects net income. These other methods may include:

(1)separate accounting;

(2)excluding any one or more of the factors;

(3)including one or more additional factors; or

(4)some other method. Subd. 1a.Petition form. A petition within the meaning of this section must be filed by the taxp

Free access — add to your briefcase to read the full text and ask questions with AI

Subdivision 1.Statutory methods to determine; petition for use of other methods.
The methods prescribed by section290.191shall be presumed to determine fairly and correctly the taxpayer's taxable net income allocable to this state. If the methods prescribed by section290.191do not fairly reflect all or any part of taxable net income allocable to this state, the taxpayer may petition for or the commissioner may require the determination of net income by the use of another method, if that method fairly reflects net income. These other methods may include:
(1) separate accounting;
(2) excluding any one or more of the factors;
(3) including one or more additional factors; or
(4) some other method.

Subd. 1a.Petition form.
A petition within the meaning of this section must be filed by the taxpayer in the form required by the commissioner.

Subd. 2.Nonapplication of statutory methods.
The methods prescribed by subdivision 1 shall not be applicable wherever and insofar as the taxpayer's business consists of the mining, producing, smelting, refining, or any combination of these activities of copper and nickel ores.