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2007 Minnesota Statutes
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Chapter 501B
Section 501B.38
Topics
Recent History
- 1996 Subd. 1a Amended 1996 c 471 art 13 s 22
- 1995 501B.38 Amended 1995 c 235 s 15
This is an historical version of this statute chapter. Also view the most recent published version.
501B.38 INFORMATION FILING.
Subdivision 1. Deadlines; extensions. A charitable trust subject to sections 501B.33 to
501B.45 must file with the attorney general a copy of its federal tax or information return,
including all schedules and amendments, submitted by the charitable trust to the Internal Revenue
Service for the period covered in the trust's accounting year last completed. If the charitable trust
does not file a federal tax or information return, it shall file a balance sheet and a statement of
income and expenses for the accounting year last completed.
Subd. 1a. Extensions. The information required by this section must be filed annually on or
before the 15th day of the fifth month following the close of the charitable trust's taxable year as
established for federal tax purposes. The time for filing may be extended by application to the
attorney general, for up to six months, provided the applicant has requested an extension to file its
federal tax return under section 6081 of the Internal Revenue Code of 1986. A charitable trust that
files the information required under this subdivision with the attorney general is not required to
file the same information with the commissioner of revenue.
Subd. 2. Suspension of filing. The attorney general may suspend the filing requirements
under subdivision 1 for a particular charitable trust for a reasonable, specifically designated time
on written application of the trustee filed with the attorney general. If the filing requirements are
suspended, the attorney general shall file in the register of charitable trusts a written statement that
the interests of the beneficiaries will not be prejudiced by the suspension and that the information
required by this section is not required for proper supervision by the attorney general's office.
Subd. 3. Filing fee. A $25 filing fee shall be paid by every charitable trust filing the
information required by this section.
History: 1989 c 340 art 1 s 30; 1995 c 235 s 15; 1996 c 471 art 13 s 22
Subdivision 1. Deadlines; extensions. A charitable trust subject to sections 501B.33 to
501B.45 must file with the attorney general a copy of its federal tax or information return,
including all schedules and amendments, submitted by the charitable trust to the Internal Revenue
Service for the period covered in the trust's accounting year last completed. If the charitable trust
does not file a federal tax or information return, it shall file a balance sheet and a statement of
income and expenses for the accounting year last completed.
Subd. 1a. Extensions. The information required by this section must be filed annually on or
before the 15th day of the fifth month following the close of the charitable trust's taxable year as
established for federal tax purposes. The time for filing may be extended by application to the
attorney general, for up to six months, provided the applicant has requested an extension to file its
federal tax return under section 6081 of the Internal Revenue Code of 1986. A charitable trust that
files the information required under this subdivision with the attorney general is not required to
file the same information with the commissioner of revenue.
Subd. 2. Suspension of filing. The attorney general may suspend the filing requirements
under subdivision 1 for a particular charitable trust for a reasonable, specifically designated time
on written application of the trustee filed with the attorney general. If the filing requirements are
suspended, the attorney general shall file in the register of charitable trusts a written statement that
the interests of the beneficiaries will not be prejudiced by the suspension and that the information
required by this section is not required for proper supervision by the attorney general's office.
Subd. 3. Filing fee. A $25 filing fee shall be paid by every charitable trust filing the
information required by this section.
History: 1989 c 340 art 1 s 30; 1995 c 235 s 15; 1996 c 471 art 13 s 22
Official Publication of the State of Minnesota
Revisor of Statutes