This is a historical version of this statute section. Also view the most recent published version.
A person engaged in the business of mining shall pay to the state of Minnesota for distribution as provided in section 298.018 a net proceeds tax equal to two percent of the net proceeds from mining in Minnesota. The tax applies to all mineral and energy resources mined or extracted within the state of Minnesota except for sand, silica sand, gravel, building stone, crushed rock, limestone, granite, dimension granite, dimension stone, horticultural peat, clay, soil, iron ore, and taconite concentrates. The tax is in addition to all other taxes provided for by law.
For purposes of this section, the term "net proceeds" means the gross proceeds from mining, as defined in section 298.016, less the deductions allowed in section 298.017. No other credits or deductions shall apply to this tax except for those provided in section 298.017.
Copyright © 2008 by the Office of the Revisor of Statutes, State of Minnesota. All rights reserved.