1997 Minnesota Statutes

     71A.04 Taxes.  

    Subdivision 1.    Premium tax.  The attorney-in-fact, 
 in lieu of all taxes, state, county, and municipal, shall pay to 
 the state with the filing of each annual report on or before 
 March 1 as an annual license fee two percent of the gross 
 premiums or deposits for the preceding calendar year, deducting 
 all amounts returned to subscribers or credited to their 
 accounts; and the attorney shall pay a filing fee of $2.  

    Subd. 2.    Penalties.  If unpaid March 1, annually, a 
 penalty of ten percent shall accrue thereon and thereafter such 
 sum and penalty shall draw interest at the rate of one percent 
 per month until paid.  

    HIST: 1967 c 395 art 11 s 4; 1969 c 1148 s 20; 1986 c 444