2000 Minnesota Statutes

     287.04 Exemptions. 

    The tax imposed by section 287.035 does not apply to:  

    (a) A decree of marriage dissolution or an instrument made 
 pursuant to it.  

    (b) A mortgage given to correct a misdescription of the 
 mortgaged property. 

    (c) A mortgage or other instrument that adds additional 
 security for the same debt for which mortgage registry tax has 
 been paid.  

    (d) A contract for the conveyance of any interest in real 
 property, including a contract for deed. 

    (e) A mortgage secured by real property subject to the 
 minerals production tax of sections 298.24 to 298.28. 

    (f) The principal amount of bonds or other obligations 
 issued by the St. Paul port authority under its common revenue 
 bond fund if each of the following conditions are met. 

    (1) The bonds or other obligations are secured by a 
 mortgage on property, title to which is held by the political 
 subdivision. 

    (2) The mortgage is recorded after May 19, 1993. 

    (3) The bonds or other obligations are either (i)  
 outstanding on May 19, 1993, or (ii) issued in exchange for or 
 to otherwise refund bonds or other obligations the original 
 series of which were issued before May 19, 1993. 

    (g) Mortgages taken in good faith by persons or 
 corporations whose property is expressly exempted from taxation 
 by section 272.02, subdivisions 2 to 8, or mortgagees that are 
 fraternal benefit societies subject to section 64B.24. 

    (h) A mortgage amendment or extension, as defined in 
 section 287.01. 

    HIST: (2322) 1907 c 328 s 1; 1965 c 51 s 53; 1967 c 340 s 1; 
 1983 c 233 s 3; 1993 c 271 s 4; 1999 c 31 s 4