Section 291.005 — Definitions.
291.005 DEFINITIONS. Subdivision 1. Scope. Unless the context otherwise clearly requires, the following terms used in this chapter shall have the following meanings: (1) “Commissioner” means the commissioner of revenue or any person to whom the commissioner has delegated functions under this chapter. (2) “Federal gross estate” means the gross estate of a decedent as […]
Section 291.01 — Tax Imposed.
291.01 TAX IMPOSED. A tax is hereby imposed upon the transfer of estates of decedents as prescribed by this chapter. History: (2292) 1905 c 288 s 1; 1911 c 372 s 1; 1935 c 334 s 1; Ex1937 c 50 s 3; 1939 c 338 s 1; 1939 c 431 art 6 s 6; 1941 […]
Section 291.016 — Minnesota Taxable Estate.
291.016 MINNESOTA TAXABLE ESTATE. Subdivision 1. General. For purposes of the tax under this chapter, the Minnesota taxable estate equals the federal taxable estate as provided under section 2051 of the Internal Revenue Code, without regard to whether the estate is subject to the federal estate tax: (1) increased by the value of any property […]
Section 291.03 — Rates.
291.03 RATES. Subdivision 1. Tax amount. The tax imposed must be computed by applying to the Minnesota taxable estate the following schedule of rates and then the resulting amount multiplied by a fraction, not greater than one, the numerator of which is the value of the Minnesota gross estate plus the value of gifts under […]
Section 290C.04 — Applications.
290C.04 APPLICATIONS. (a) A landowner may apply to enroll forest land for the sustainable forest incentive program under this chapter. The claimant must complete, sign, and submit an application to the commissioner by October 31 in order for the land to become eligible beginning in the next year. The application shall be on a form […]
Section 290C.05 — Annual Certification And Monitoring.
290C.05 ANNUAL CERTIFICATION AND MONITORING. (a) On or before May 15 of each year, beginning with the year after the original claimant has received an approved application, the commissioner shall send each claimant enrolled under the sustainable forest incentive program a certification form. For purposes of this section, the claimant is the current property owner […]
Section 290C.055 — Length Of Covenant.
290C.055 LENGTH OF COVENANT. (a) Claimants enrolling any land that is subject to a conservation easement funded under section 97A.056 or a comparable permanent easement conveyed to a governmental or nonprofit entity must enroll their land under a covenant with a minimum duration of eight years. All other claimants may choose to enroll their land […]
Section 290C.06 — Calculation Of Average Estimated Market Value; Managed Forest Land.
290C.06 CALCULATION OF AVERAGE ESTIMATED MARKET VALUE; MANAGED FOREST LAND. The commissioner shall annually calculate a statewide average estimated market value per acre for class 2c managed forest land under section 273.13, subdivision 23. History: 1Sp2001 c 5 art 8 s 10; 2009 c 88 art 10 s 15
Section 290C.07 — Calculation Of Incentive Payment.
290C.07 CALCULATION OF INCENTIVE PAYMENT. (a) An approved claimant under the sustainable forest incentive program is eligible to receive an annual payment for each acre of enrolled land, excluding any acre improved with a paved trail under easement, lease, or terminable license to the state of Minnesota or a political subdivision. The payment shall equal […]
Section 290C.08 — Annual Incentive Payment; Appropriation.
290C.08 ANNUAL INCENTIVE PAYMENT; APPROPRIATION. Subdivision 1. Annual payment. An incentive payment for each acre of enrolled land will be made annually to each claimant in the amount determined under section 290C.07. By September 15 of each year, the commissioner of natural resources must certify to the commissioner the lands eligible for payment. The incentive […]