Minn. Stat. § 298.405

IRON ORE BEARING MATERIAL OTHER THAN TACONITE AND SEMITACONITE; TAXATION.

Known as the Douglas J. Johnson Economic Protection Trust Fund Act

The act spans §§ 298–298 (52 sections).

1963 c 735 s 1; 1963 c 841 s 1; 1973 c 582 s 3; 1992 c 464 art 2 s 6; 2008 c 366 art 10 s 12; 1Sp2021 c 14 art 11 s 23

Subdivision 1. Definition.

Iron-bearing material, other than taconite and semitaconite, having not more than 46.5 percent natural iron content on the average, is subject to taxation under section 298.24 . The tax under that section applies to material that is treated in Minnesota for the purpose of making the iron-bearing material merchantable by any means of beneficiation, separation, concentration, or refinement. The tax under section 298.24 does not apply to unmined iron ore and low-grade iron-bearing formations as described in section 273.13 , subdivision 31, clause (1).

Subd. 2.

[Repealed, 2008 c 366 art 10 s 16 ]

Subd. 3.

[Repealed, 2008 c 366 art 10 s 16 ]

Subd. 4.

[Repealed, 2008 c 366 art 10 s 16 ]

Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.