Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
273.41 AMOUNT OF TAX; DISTRIBUTION.
There is hereby imposed upon each such cooperative association on December 31 of each
year a tax of $10 for each 100 members, or fraction thereof, of such association. The tax, when
paid, shall be in lieu of all personal property taxes, state, county, or local, upon distribution lines
and the attachments and appurtenances thereto of such associations located in rural areas. The
tax shall be payable on or before March 1 of the next succeeding year, to the commissioner of
revenue. If the tax, or any portion thereof, is not paid within the time herein specified for the
payment thereof, there shall be added thereto a specific penalty equal to ten percent of the amount
so remaining unpaid. Such penalty shall be collected as part of said tax, and the amount of said
tax not timely paid, together with said penalty, shall bear interest at the rate specified in section
270C.40 from the time such tax should have been paid until paid. The commissioner shall deposit
the amount so received in the general fund of the state treasury.
History: 1939 c 303 s 3; 1951 c 590 s 1; 1959 c 158 s 18; Ex1971 c 31 art 20 s 7; 1973 c
582 s 3; 1973 c 650 art 3 s 1; 1975 c 377 s 8; 2005 c 151 art 2 s 17
There is hereby imposed upon each such cooperative association on December 31 of each
year a tax of $10 for each 100 members, or fraction thereof, of such association. The tax, when
paid, shall be in lieu of all personal property taxes, state, county, or local, upon distribution lines
and the attachments and appurtenances thereto of such associations located in rural areas. The
tax shall be payable on or before March 1 of the next succeeding year, to the commissioner of
revenue. If the tax, or any portion thereof, is not paid within the time herein specified for the
payment thereof, there shall be added thereto a specific penalty equal to ten percent of the amount
so remaining unpaid. Such penalty shall be collected as part of said tax, and the amount of said
tax not timely paid, together with said penalty, shall bear interest at the rate specified in section
270C.40 from the time such tax should have been paid until paid. The commissioner shall deposit
the amount so received in the general fund of the state treasury.
History: 1939 c 303 s 3; 1951 c 590 s 1; 1959 c 158 s 18; Ex1971 c 31 art 20 s 7; 1973 c
582 s 3; 1973 c 650 art 3 s 1; 1975 c 377 s 8; 2005 c 151 art 2 s 17
Official Publication of the State of Minnesota
Revisor of Statutes