1997 Minnesota Statutes

     297A.2573 Mineral production facilities; exemption. 

    Materials, equipment, and supplies used or consumed in 
 constructing, or incorporated into the construction of exempted 
 facilities as defined in this section are exempt from the taxes 
 imposed under this chapter and from any sales and use tax 
 imposed by a local unit of government, notwithstanding any 
 ordinance or city charter provision. 

    As used in this section, "exempted facilities" means: 

    (1) a value added iron products plant, which may be either 
 a new plant or a facility incorporated into an existing plant 
 that produces iron upgraded to a minimum of 75 percent iron 
 content or any iron alloy with a total minimum metallic content 
 of 90 percent; 

    (2) a facility used for the manufacture of fluxed taconite 
 pellets as defined in section 298.24; 

    (3) a new capital project that has a total cost of over 
 $40,000,000 that is directly related to production, cost, or 
 quality at an existing taconite facility that does not qualify 
 under clause (1) or (2); and 

    (4) a new mine or minerals processing plant for any mineral 
 subject to the net proceeds tax imposed under section 298.015. 

    The tax shall be imposed and collected as if the rate under 
 section 297A.02, subdivision 1, applied, and then refunded in 
 the manner provided in section 297A.15, subdivision 5. 

    HIST: 1994 c 587 art 6 s 1; 1996 c 471 art 9 s 9