Section 297I.75 — Consent To Extend Time.
297I.75 CONSENT TO EXTEND TIME. If before the expiration of the time prescribed in sections 297I.65 and 297I.70 for the assessment of tax or surcharge or the filing of a claim for refund, the commissioner and the taxpayer have consented in writing to the assessment or filing of a claim for refund after that time, […]
Section 297I.80 — Interest.
297I.80 INTEREST. Subdivision 1. Payable to commissioner. (a) When interest is required under this section, interest is computed at the rate specified in section 270C.40. (b) If a tax or surcharge is not paid within the time named by law for payment, the unpaid tax or surcharge bears interest from the date the tax or […]
Section 297I.85 — Civil Penalties.
297I.85 CIVIL PENALTIES. Subdivision 1. Late filing penalty. If a taxpayer fails to file a return within the time prescribed, a penalty of five percent of the amount of tax or surcharge not timely paid is added to the tax or surcharge. Subd. 2. Late payment penalty. If a taxpayer fails to pay a tax […]
Section 297I.90 — Criminal Penalties.
297I.90 CRIMINAL PENALTIES. Subdivision 1. Penalties for knowing failure to file or pay; willful evasion. (a) If a person is required to file with the commissioner a return, report, or other document, and that person fails to file it when required and does so knowingly, rather than accidentally, inadvertently, or negligently, that person is guilty […]
Section 297I.15 — Exemptions From Tax.
297I.15 EXEMPTIONS FROM TAX. Subdivision 1. Government payments. Premiums under the Minnesota comprehensive health insurance plan and all payments, revenues, and reimbursements received from the federal government for Medicare-related coverage as defined in section 62A.3099 are not subject to tax under this chapter. Subd. 2. Minnesota employees insurance program. To the extent that the Minnesota […]
Section 297I.20 — Offsets Against Premium Taxes.
297I.20 OFFSETS AGAINST PREMIUM TAXES. Subdivision 1. Guaranty association assessment offsets. (a) An insurance company or health maintenance organization may offset against its premium tax liability to this state any amount paid for assessments made for insolvencies under sections 60C.01 to 60C.22; and any amount paid for assessments under Minnesota Statutes 1992, sections 61B.01 to […]
Section 297I.25 — Information Returns.
297I.25 INFORMATION RETURNS. Subdivision 1. Licensed brokers or agents of risk retention groups. To the extent licensed agents or brokers are utilized in accordance with section 60E.12, they shall report to the commissioner the premiums received for direct business for risks resident or located within this state which the licensees have placed with or on […]
Section 297I.26 — Fire And Police Premium Reports.
297I.26 FIRE AND POLICE PREMIUM REPORTS. Subdivision 1. Filing reports. (a) Each company must file with the commissioner the reports defined in sections 477B.01, subdivision 8, and 477C.01, subdivision 4, signed by the authorized representative of the company, on or before March 1 annually. The fire and extended coverage portion of multiperil package premiums and […]
Section 297I.30 — Due Dates For Filing Returns.
297I.30 DUE DATES FOR FILING RETURNS. Subdivision 1. General rule. On or before March 1, every taxpayer subject to taxation under section 297I.05, subdivisions 1 to 5; 7, paragraph (b); 12; and 14, shall file an annual return for the preceding calendar year in the form prescribed by the commissioner. Subd. 2. Surplus lines brokers. […]
Section 297I.35 — Payment Of Tax.
297I.35 PAYMENT OF TAX. Subdivision 1. General rule. All taxes and surcharges imposed under this chapter must be paid to the commissioner by the date that the return must be filed under section 297I.30. Subd. 2. Electronic payments. If the aggregate amount of tax and surcharges due under this chapter during a fiscal year ending […]