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.
270C.7108 APPLICATION OF PROCEEDS OF LEVY.
Subdivision 1. Collection of liability. Any money realized by proceedings under this
chapter, whether by seizure, by surrender under section 270C.67, by sale of seized property, by
sale of property redeemed by the state of Minnesota (if the interest of the state of Minnesota
in the property was a lien arising under the provisions of section 270C.63), or by agreement,
arrangement, or any other means shall be applied as follows:
(a) First, against the expenses of the proceedings; then
(b) If the property seized and sold is subject to a tax that has not been paid, the amount
remaining after applying clause (a) shall next be applied against the tax liability (and, if the tax
was not previously assessed, it shall then be assessed); and
(c) The amount, if any, remaining after applying clauses (a) and (b) shall be applied against
the tax liability in respect of which the levy was made or the sale was conducted.
Subd. 2. Surplus proceeds. Any surplus proceeds remaining after the application of
subdivision 1 shall, upon application and satisfactory proof in support thereof, be credited or
refunded by the commissioner to the person or persons legally entitled thereto.
History: 2005 c 151 art 1 s 84
Subdivision 1. Collection of liability. Any money realized by proceedings under this
chapter, whether by seizure, by surrender under section 270C.67, by sale of seized property, by
sale of property redeemed by the state of Minnesota (if the interest of the state of Minnesota
in the property was a lien arising under the provisions of section 270C.63), or by agreement,
arrangement, or any other means shall be applied as follows:
(a) First, against the expenses of the proceedings; then
(b) If the property seized and sold is subject to a tax that has not been paid, the amount
remaining after applying clause (a) shall next be applied against the tax liability (and, if the tax
was not previously assessed, it shall then be assessed); and
(c) The amount, if any, remaining after applying clauses (a) and (b) shall be applied against
the tax liability in respect of which the levy was made or the sale was conducted.
Subd. 2. Surplus proceeds. Any surplus proceeds remaining after the application of
subdivision 1 shall, upon application and satisfactory proof in support thereof, be credited or
refunded by the commissioner to the person or persons legally entitled thereto.
History: 2005 c 151 art 1 s 84
Official Publication of the State of Minnesota
Revisor of Statutes