Subdivision 1. General rule. Except as otherwise provided, the amount of taxes or surcharges assessable must be assessed within 3-1/2 years after the date the return is filed.
Subd. 2. Filing date. For purposes of this section, a return filed before the last day prescribed by law for filing the return is considered to be filed on the last day.
Subd. 3. False or fraudulent return. Notwithstanding the limitation under subdivision 1, the tax or surcharge may be assessed at any time if a false or fraudulent return is filed or when a taxpayer fails to file a return.
Subd. 4. Omission in excess of 25 percent. Additional taxes or surcharges may be assessed within 6-1/2 years after the due date of the return or the date the return was filed, whichever is later, if the taxpayer omits from a gross premiums tax or surcharge return an amount of tax in excess of 25 percent of the tax or surcharge reported in the return.
2000 c 394 art 1 s 14; 2010 c 389 art 6 s 18
Structure Minnesota Statutes
Chapters 296 - 299 — Excise And Sales Taxes
Chapter 297I — Insurance Taxes
Section 297I.01 — Definitions.
Section 297I.05 — Tax Imposed.
Section 297I.06 — Surcharges On Fire Safety Premiums.
Section 297I.10 — Surcharge On Premiums To Restore Deficiency In Special Fund.
Section 297I.11 — Automobile Theft Prevention Surcharge.
Section 297I.15 — Exemptions From Tax.
Section 297I.20 — Offsets Against Premium Taxes.
Section 297I.25 — Information Returns.
Section 297I.26 — Fire And Police Premium Reports.
Section 297I.30 — Due Dates For Filing Returns.
Section 297I.35 — Payment Of Tax.
Section 297I.40 — Estimated Tax.
Section 297I.60 — Claims For Refund.
Section 297I.65 — Limitations Of Time For Assessment Of Tax.
Section 297I.70 — Limitation On Claims For Refund.
Section 297I.75 — Consent To Extend Time.