1998 Minnesota Code
Chapters 270 - 271 Taxation, Supervision, Data Practices
Chapter 270 Department of Revenue
Section 270.35 Stumpage value, use in computing tax.
270.35 Stumpage value, use in computing tax.
The stumpage value for each species to be used in computing the tax in any county shall be computed in each even numbered year and shall be the average sale price received by the state upon all of its sales of sound standing timber of the species during the previous two calendar years. In the event there have been no sales of the species or products within the county within the previous two calendar years, or less than 500 cords of the various products have been sold which is insufficient to estimate a fair and equitable stumpage price for the various products grown, the commissioner of natural resources shall set a stumpage price for such species, with the right of appeal by any aggrieved persons to the commissioner of revenue as set forth in section 270.34 in the event any such person is aggrieved by such determination.
HIST: 1957 c 639 s 5; 1963 c 418 s 3; 1969 c 1129 art 10 s 2; 1973 c 582 s 3; 1974 c 556 s 7; 1986 c 444
Disclaimer: These codes may not be the most recent version. Minnesota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
