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Chapter 298
Section 298.26
Topics
Recent History
- 1994 298.26 Amended 1994 c 587 art 5 s 16
This is an historical version of this statute chapter. Also view the most recent published version.
298.26 TAX ON UNMINED TACONITE AND IRON SULPHIDES.
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 taconite or iron sulphides, a tax may be assessed upon
the taconite or iron sulphides therein at the local tax rate prevailing in the taxing district and spread
against the net tax capacity of the taconite or iron sulphides, such net tax capacity to be determined
in accordance with existing laws. The amount of the tax spread under authority of this section by
reason of the taconite and iron sulphides in any tract of land shall not exceed $15 per acre.
History: 1941 c 375 s 4; 1947 c 93 s 4; 1977 c 423 art 10 s 14; 1988 c 719 art 5 s 84; 1989 c
329 art 13 s 20; 1Sp1989 c 1 art 2 s 11; 1994 c 587 art 5 s 16
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 taconite or iron sulphides, a tax may be assessed upon
the taconite or iron sulphides therein at the local tax rate prevailing in the taxing district and spread
against the net tax capacity of the taconite or iron sulphides, such net tax capacity to be determined
in accordance with existing laws. The amount of the tax spread under authority of this section by
reason of the taconite and iron sulphides in any tract of land shall not exceed $15 per acre.
History: 1941 c 375 s 4; 1947 c 93 s 4; 1977 c 423 art 10 s 14; 1988 c 719 art 5 s 84; 1989 c
329 art 13 s 20; 1Sp1989 c 1 art 2 s 11; 1994 c 587 art 5 s 16
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Revisor of Statutes