303.07 License fees.
Subdivision 1. Initial fee. At the time of making application for a certificate of authority the foreign corporation making the application shall pay to the state treasurer the sum of $150 as an initial license fee.
Subd. 2. Annual fee. The secretary of state shall collect an annual license fee from each foreign corporation holding a certificate of authority to transact business in this state. A foreign corporation shall pay $20 per $100,000 or fraction thereof of its Minnesota taxable net income for the most recent fiscal year prior to the payment of the fee. In no event shall the annual license fee be less than $40. The corporation shall pay this fee by May 15 of each year.
HIST: (7495-6) 1935 c 200 s 6; 1955 c 820 s 29; 1969 c 1148 s 46; 3Sp1981 c 2 art 1 s 36; 1987 c 404 s 165; 1991 c 205 s 8; 1994 c 438 s 5
Official Publication of the State of Minnesota
Revisor of Statutes