2006 Minnesota Code
Chapters 296 - 299 Excise and Sales Taxes
Chapter 297I Insurance Taxes
Section 297I.10 SURCHARGE ON PREMIUMS TO RESTORE DEFICIENCY IN SPECIAL FUND.

297I.10 SURCHARGE ON PREMIUMS TO RESTORE DEFICIENCY IN SPECIAL
FUND.
Subdivision 1. Cities of the first class. (a) The commissioner shall order and direct a
surcharge to be collected of two percent of the fire, lightning, and sprinkler leakage gross
premiums, less return premiums, on all direct business received by any licensed foreign or
domestic fire insurance company on property in a city of the first class, or by its agents for it,
in cash or otherwise.
(b) By July 31 and December 31 of each year the commissioner of finance shall pay to the
relief association in each city a warrant for an amount equal to the total amount of the surcharge
on the premiums collected within the city since the previous payment.
(c) The treasurer of the relief association shall place the money received under this
subdivision in the special fund of the relief association.
Subd. 2.[Repealed, 2002 c 392 art 1 s 9]
Subd. 3. Appropriation. The amount necessary to make the payments required under this
section is appropriated to the commissioner of finance from the general fund.
Subd. 4. Collection and administration. The commissioner shall administer the surcharge
imposed by this section in the same manner as the taxes imposed by this chapter.
History: 2000 c 394 art 1 s 3; 2005 c 151 art 2 s 16