Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
- Search Minnesota Statutes
- About Minnesota Statutes
- 2006 Statutes New, Amended or Repealed
- 2006 Table of Chapters
- 2006 Statutes Topics (Index)
Chapter 287
Section 287.222
Topics
Recent History
This is an historical version of this statute chapter. Also view the most recent published version.
287.222 TRANSFER TO OBTAIN FINANCING.
The deed tax is $1.65 on a deed or other instrument that transfers real property if the transfer
is (1) to a person who is a builder or contractor, (2) intended to be temporary, and (3) done solely
to enable the builder or contractor to obtain financing to build an improvement on the conveyed
property under a contract for improvement with the grantor that calls for the conveyed property to
be reconveyed to the grantor upon completion of and payment for the improvement. The deed
tax is $1.65 on a deed or other instrument that transfers the real property back from the builder
or contractor to the grantor.
History: 2006 c 259 art 7 s 2
The deed tax is $1.65 on a deed or other instrument that transfers real property if the transfer
is (1) to a person who is a builder or contractor, (2) intended to be temporary, and (3) done solely
to enable the builder or contractor to obtain financing to build an improvement on the conveyed
property under a contract for improvement with the grantor that calls for the conveyed property to
be reconveyed to the grantor upon completion of and payment for the improvement. The deed
tax is $1.65 on a deed or other instrument that transfers the real property back from the builder
or contractor to the grantor.
History: 2006 c 259 art 7 s 2
Official Publication of the State of Minnesota
Revisor of Statutes