Minnesota Statutes 290.31 – Partnerships; Individual Liability of Partners
Subdivision 1.Partners, not partnership, subject to tax.
Except as provided under sections 289A.35, paragraph (b), and 289A.382, subdivision 3, a partnership as such shall not be subject to the income tax imposed by this chapter, but is subject to the tax imposed under section 290.0922. Persons carrying on business as partners shall be liable for income tax only in their separate or individual capacities.
Subd. 2.
Terms Used In Minnesota Statutes 290.31
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
- Tax: means any fee, charge, exaction, or assessment imposed by a governmental entity on an individual, person, entity, transaction, good, service, or other thing. See Minnesota Statutes 645.44
Terms Used In Minnesota Statutes 290.31
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
- Tax: means any fee, charge, exaction, or assessment imposed by a governmental entity on an individual, person, entity, transaction, good, service, or other thing. See Minnesota Statutes 645.44
[Repealed, 1Sp2001 c 5 art 7 s 66]
Subd. 2a.
[Repealed, 1Sp2001 c 5 art 7 s 66]
Subd. 3.
[Repealed, 1Sp2001 c 5 art 7 s 66]
Subd. 4.
[Repealed, 1Sp2001 c 5 art 7 s 66]
Subd. 5.
[Repealed, 1Sp2001 c 5 art 7 s 66]
Subd. 6.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 7.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 8.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 8a.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 9.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 10.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 11.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 12.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 13.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 14.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 15.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 16.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 17.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 18.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 19.
[Repealed, 1Sp2001 c 5 art 7 s 66]
Subd. 20.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 21.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 22.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 23.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 24.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 25.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 26.
[Repealed, 1982 c 523 art 1 s 72]
Subd. 27.Allocation of partnership income to state.
The taxable net income of the partnership shall be assigned to this state under sections 290.17 to 290.20.
Subd. 28.
[Repealed, 1980 c 419 s 46]