{"data":{"id":"us-mn/minn.-stat.-298.37","jurisdiction":"us-mn","citation":"Minn. Stat. § 298.37","heading":"ASSESSMENT AT LOCAL TAX RATE.","body":"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 tax capacity of the semitaconite; such net tax capacity shall not exceed the greater of: (a) the net tax capacity specifically assigned to the semitaconite material in said land in the assessment for the year 1958, or, (b) an amount sufficient to yield a tax of $1 per acre less the amount of any tax assessed against such land under the authority of section 298.26.","path":["EXCISE AND SALES TAXES","CHAPTER 298. MINERALS TAXES","SEMITACONITE TAXATION"],"source_url":"https://www.revisor.mn.gov/statutes/cite/298.37","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:41Z","sha256":"33088235973258bab287a5b9f6a0d82f8fb531fe1d12f17b6874379d0a53a8ac","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-298.36","next":"us-mn/minn.-stat.-298.38"},"notice":"GroundRules: Original legal text. Not legal advice."}