US Laws, Codes, Statutes & Cases

     287.38 Limitations on time for assessment of tax. 

    Subdivision 1.    General rule.  Except as otherwise 
 provided in this section, the amount of taxes assessable under 
 this chapter must be assessed within 3-1/2 years after the date 
 the document is recorded. 

    Subd. 2.    Omission in excess of 25 percent.  
 Additional taxes may be assessed within 6-1/2 years after the 
 document was recorded, if the taxpayer underpays the tax due on 
 the filing of that document by more than 25 percent or the 
 document was erroneously treated as exempt. 

    Subd. 3.    Fraud.  Notwithstanding the limitations 
 under subdivision 1, additional taxes may be assessed at any 
 time if a document is presented for recording with a fraudulent 
 intent to underpay the taxes imposed by this chapter.  

    HIST: 1999 c 31 s 23 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.