Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
298.37 ASSESSMENT AT LOCAL TAX RATE.
In any year in which at least 1,000 tons of iron ore concentrate is not produced from any
40-acre tract or governmental lot containing semitaconite, a tax may be assessed upon the
semitaconite therein at the local tax rate prevailing in the taxing district and spread against the net
tax capacity of the semitaconite; such net tax capacity shall not exceed the greater of: (a) the net
tax capacity specifically assigned to the semitaconite material in said land in the assessment for
the year 1958, or, (b) an amount sufficient to yield a tax of $1 per acre less the amount of any tax
assessed against such land under the authority of section 298.26.
History: Ex1959 c 81 s 4; 1988 c 719 art 5 s 84; 1989 c 329 art 13 s 20; 1Sp1989 c 1
art 2 s 11
In any year in which at least 1,000 tons of iron ore concentrate is not produced from any
40-acre tract or governmental lot containing semitaconite, a tax may be assessed upon the
semitaconite therein at the local tax rate prevailing in the taxing district and spread against the net
tax capacity of the semitaconite; such net tax capacity shall not exceed the greater of: (a) the net
tax capacity specifically assigned to the semitaconite material in said land in the assessment for
the year 1958, or, (b) an amount sufficient to yield a tax of $1 per acre less the amount of any tax
assessed against such land under the authority of section 298.26.
History: Ex1959 c 81 s 4; 1988 c 719 art 5 s 84; 1989 c 329 art 13 s 20; 1Sp1989 c 1
art 2 s 11
Official Publication of the State of Minnesota
Revisor of Statutes