MN seasonal, tourism industry gets tax extension for bad weather

The strange late spring in Minnesota prompted action by the state legislature and governor before last week’s close of the session. Seasonal and tourism-based businesses will receive a property tax extension for the lost business due to the weather. The state revenue department released the following:

Due date for property tax payments extended for resorts and seasonal businesses

St. Paul, Minn. – With the unexpected late arrival of spring, resorts and other seasonal business owners have an additional two weeks to pay their first-half property taxes.

Due to legislation signed into law this session, commercial property owners who have been affected by the slow start to the summer season have until June 15 to make their first-half property tax payment without penalty.

The extension applies to owners of commercial seasonal residential recreational property classified as 1c or 4c property. It also applies to seasonal commercial property classified as 3a property, if over 60% of its 2012 gross income was earned during the months of May, June, July and August.

Owners of seasonal recreational property will need to submit an affidavit to their payment stating that they meet the income conditions in order to be eligible for the extension. For more information, please call your county at the number listed on your property tax statement.

Many of the top fishing destinations for the opening weekend were still iced over. Those weekends often pay this round of taxes for seasonal businesses.

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