Minnesota Statutes 290.9741 – Election by Remic
Current as of: 2023 | Check for updates
|
Other versions
An entity having a valid election as a Real Estate Mortgage Investment Conduit (REMIC) in effect under section 860D(b) of the Internal Revenue Code shall not be subject to the taxes imposed by this chapter except the tax imposed under section 290.92.
Terms Used In Minnesota Statutes 290.9741
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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