The due date for payment of the annual assessment by a woodmill is February 15 for the previous calendar year.
A penalty will be assessed under Minnesota Statutes, section 176.129, subdivision 10, where, on or before the due date, either:
Within 60 days of the due date, the commissioner will give notice of penalty to woodmills who have not made, without an approved extension, timely and full payment of the assessment. The amount of the penalty shall be either:
(1) five percent of the assessment payments due, if received by the commissioner late but not more than ten days after the due date;
ten percent of the assessment payments due, if received by the commissioner within 11 to 29 days after the due date; or
15 percent of the assessment payments due, if payment is not made within 30 days of the due date; or
15 SR 1847
June 11, 2008
Official Publication of the State of Minnesota
Revisor of Statutes