Section 298.36 — Nature Of Tax.
298.36 NATURE OF TAX. Such tax shall be in addition to the occupation tax imposed upon the business of mining and producing iron ore and in addition to the royalty tax imposed upon royalties received for permission to mine and produce iron ore. Except as herein otherwise provided, it shall be in lieu of all […]
Section 298.37 — Assessment At Local Tax Rate.
298.37 ASSESSMENT AT LOCAL TAX RATE. In any year in which at least 1,000 tons of iron ore concentrate is not produced from any 40-acre tract or governmental lot containing semitaconite, a tax may be assessed upon the semitaconite therein at the local tax rate prevailing in the taxing district and spread against the net […]
Section 298.38 — Payment And Collection.
298.38 PAYMENT AND COLLECTION. The tax provided in section 298.35 shall be collected and paid in the same manner and at the same time as provided by law for the payment of the occupation tax. Reports shall be made and hearings held upon the determination of the tax at the same times and in the […]
Section 298.39 — Distribution Of Proceeds.
298.39 DISTRIBUTION OF PROCEEDS. The proceeds of the tax collected under section 298.35 shall be distributed by the commissioner of management and budget, upon certificate of the commissioner of revenue to the general fund of the state and to the various taxing districts in which the lands from which the semitaconite was mined or quarried […]
Section 298.391 — Agglomerating Facilities Definitions.
298.391 AGGLOMERATING FACILITIES DEFINITIONS. Subdivision 1. Definitions. When used in sections 298.391 to 298.396, the following terms have the meaning assigned to them in this section, unless the context otherwise requires. Subd. 2. [Repealed, 1998 c 389 art 10 s 23] Subd. 3. Agglomerating facility. “Agglomerating facility” means a plant or plants, other than taconite […]
Section 298.392 — Qualification Of Agglomerating Facilities; Procedure And Order.
298.392 QUALIFICATION OF AGGLOMERATING FACILITIES; PROCEDURE AND ORDER. An agglomerating facility shall be or become subject to taxation under sections 298.391 to 298.396 after it shall have been approved as such by order of the commissioner. Request for such approval shall be in writing and shall contain a description of the facility, together with such […]
Section 298.291 — Citation.
298.291 CITATION. Sections 298.291 to 298.294 shall be known as the “Douglas J. Johnson Economic Protection Trust Fund Act.” History: 1977 c 423 art 10 s 25; 2Sp1982 c 2 s 4; 2002 c 377 art 8 s 14
Section 298.292 — Policy.
298.292 POLICY. Subdivision 1. Purposes. The legislature is cognizant of the severe economic dislocations and widespread unemployment that result when a single industry on which an area is largely dependent, experiences a drastic reduction in activity. The Douglas J. Johnson economic protection trust fund is hereby created to be devoted to economic rehabilitation and diversification […]
Section 298.293 — Expending Funds.
298.293 EXPENDING FUNDS. The funds provided by section 298.28, subdivision 11, relating to the Douglas J. Johnson economic protection trust fund, except money expended pursuant to Laws 1982, Second Special Session, chapter 2, sections 8 to 14, shall be expended only in an amount that does not exceed the sum of the net interest, dividends, […]
Section 298.294 — Investment Of Fund.
298.294 INVESTMENT OF FUND. The trust fund established by section 298.292 shall be invested pursuant to law by the State Board of Investment and the net interest, dividends, and other earnings arising from the investments shall be transferred on the first day of each month to the trust and shall be included and become part […]