Subdivision 1. Fiduciary income, corporate franchise tax. Where good cause exists, the commissioner may extend the time for payment of the amount determined as a fiduciary income tax or corporate franchise tax by the taxpayer, or an amount determined as a deficiency, for a period of not more than six months from the date prescribed for the payment of the tax.
Subd. 2. Estate tax. Where good cause exists, the commissioner may extend the time for payment of estate tax for a period of not more than six months. If an extension to pay the federal estate tax has been granted under section 6161 of the Internal Revenue Code, the time for payment of the estate tax without penalty is extended for that period. A taxpayer who owes at least $5,000 in taxes and who, under section 6161 or 6166 of the Internal Revenue Code has been granted an extension for payment of the tax shown on the return, may elect to pay the tax due to the commissioner in equal amounts at the same time as required for federal purposes. A taxpayer electing to pay the tax in installments shall defer a percentage of tax that does not exceed the percentage of federal tax deferred and must notify the commissioner in writing no later than nine months after the death of the person whose estate is subject to taxation. If the taxpayer fails to pay an installment on time, unless it is shown that the failure is due to reasonable cause, the election is revoked and the entire amount of unpaid tax plus accrued interest is due and payable 90 days after the date on which the installment was payable.
1990 c 480 art 1 s 13; 1991 c 291 art 6 s 11,46; 1992 c 511 art 6 s 19; 1993 c 375 art 8 s 14; 1994 c 587 art 1 s 24; 2010 c 389 art 3 s 5
Structure Minnesota Statutes
Chapters 289A - 295 — Various State Taxes And Programs
Chapter 289A — Administration And Compliance
Section 289A.01 — Application Of Chapter.
Section 289A.02 — Definitions.
Section 289A.10 — Filing Requirements For Estate Tax Returns.
Section 289A.11 — Filing Requirements For Sales And Use Tax Returns.
Section 289A.12 — Filing Requirements For Information Returns And Reports.
Section 289A.121 — Tax Shelters; Special Rules.
Section 289A.14 — Use Of Automated Sales Suppression Devices; Definitions.
Section 289A.18 — Due Dates For Filing Of Returns.
Section 289A.19 — Extensions For Filing Returns.
Section 289A.20 — Due Dates For Making Payments Of Tax.
Section 289A.25 — Payment Of Estimated Tax By Individuals, Trusts, S Corporations, Or Partnerships.
Section 289A.26 — Payment Of Estimated Tax By Corporations.
Section 289A.30 — Extensions For Paying Tax.
Section 289A.31 — Liability For Payment Of Tax.
Section 289A.35 — Assessments On Returns.
Section 289A.37 — Assessments; Erroneous Refunds; Joint Income Tax Returns.
Section 289A.38 — Limitations On Time For Assessment Of Tax.
Section 289A.381 — Definitions; Partnerships; Federal Adjustments.
Section 289A.382 — Reporting And Payment Requirements.
Section 289A.39 — Limitations; Armed Services.
Section 289A.40 — Limitations On Claims For Refund.
Section 289A.41 — Bankruptcy; Suspension Of Time.
Section 289A.42 — Consent To Extend Statute.
Section 289A.50 — Claims For Refunds.
Section 289A.55 — Interest Payable To Commissioner.
Section 289A.56 — Interest On Overpayments.