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    Subdivision 1. Interest rate. When interest is required under this section, interest is
computed at the rate specified in section 270C.40.
    Subd. 2. Late payment. If a tax is not paid within the time named by law for payment, the
unpaid tax bears interest from the date the tax should have been paid until the date the tax is paid.
    Subd. 3. Extensions. When an extension of time for payment has been granted, interest must
be paid from the date the payment should have been made, if no extension had been granted,
until the date the tax is paid.
    Subd. 4. Additional assessments. When a taxpayer is liable for additional taxes because of a
redetermination by the commissioner, or for any other reason, the additional taxes bear interest
from the time the tax should have been paid, without regard to an extension allowed, until the
date the tax is paid.
    Subd. 5. Excessive claims for refunds under chapter 290A. When it is determined that
a claim for a property tax refund was excessive, the amount that the taxpayer must repay bears
interest from the date the claim was paid until the date of repayment.
    Subd. 6. Erroneous refunds. In the case of an erroneous refund, interest begins to accrue
from the date the refund was paid unless the erroneous refund results from a mistake of the
department, in which case no interest or penalty will be imposed, unless the deficiency assessment
is not satisfied within 60 days of the order.
    Subd. 7. Installment payments; estate tax. Interest must be paid on unpaid installment
payments of the tax authorized under section 289A.30, subdivision 2, beginning on the date
the tax was due without regard to extensions allowed or extensions elected, at the rate given
in section 270C.40.
    Subd. 8. Interest on judgments. Notwithstanding section 549.09, if judgment is entered in
favor of the commissioner with regard to any tax, the judgment bears interest at the rate given in
section 270C.40 from the date the judgment is entered until the date of payment.
    Subd. 9. Interest on penalties. (a) A penalty imposed under section 289A.60, subdivision 1,
2, 2a, 4, 5, 6, or 21 bears interest from the date the return or payment was required to be filed or
paid, including any extensions, to the date of payment of the penalty.
(b) A penalty not included in paragraph (a) bears interest only if it is not paid within 60 days
from the date of notice. In that case interest is imposed from the date of notice to the date of
History: 1990 c 480 art 1 s 24; 1995 c 264 art 10 s 4; 1999 c 243 art 16 s 19; 2000 c 490 art
13 s 12; 1Sp2001 c 5 art 11 s 1; 2005 c 151 art 2 s 17