2006 Minnesota Statutes

289A.30 EXTENSIONS FOR PAYING TAX.
    Subdivision 1. Fiduciary income, corporate franchise tax. Where good cause exists, the
commissioner may extend the time for payment of the amount determined as a fiduciary income
tax or corporate franchise tax by the taxpayer, or an amount determined as a deficiency, for a
period of not more than six months from the date prescribed for the payment of the tax.
    Subd. 2. Estate tax. Where good cause exists, the commissioner may extend the time for
payment of estate tax for a period of not more than six months. If an extension to pay the federal
estate tax has been granted under section 6161 of the Internal Revenue Code, the time for payment
of the estate tax without penalty is extended for that period. A taxpayer who owes at least $5,000
in taxes and who, under section 6161 or 6166 of the Internal Revenue Code has been granted
an extension for payment of the tax shown on the return, may elect to pay the tax due to the
commissioner in equal amounts at the same time as required for federal purposes. A taxpayer
electing to pay the tax in installments must notify the commissioner in writing no later than nine
months after the death of the person whose estate is subject to taxation. If the taxpayer fails to pay
an installment on time, unless it is shown that the failure is due to reasonable cause, the election is
revoked and the entire amount of unpaid tax plus accrued interest is due and payable 90 days after
the date on which the installment was payable.
History: 1990 c 480 art 1 s 13; 1991 c 291 art 6 s 11,46; 1992 c 511 art 6 s 19; 1993 c
375 art 8 s 14; 1994 c 587 art 1 s 24