Minnesota Statutes 287.22 – Exemptions
Terms Used In Minnesota Statutes 287.22
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Contract: A legal written agreement that becomes binding when signed.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Grantor: The person who establishes a trust and places property into it.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Statute: A law passed by a legislature.
- 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
The tax imposed by section 287.21 does not apply to:
(1) an executory contract for the sale of real property under which the purchaser is entitled to or does take possession of the real property, or any assignment or cancellation of the contract;
(2) a mortgage or an amendment, assignment, extension, partial release, or satisfaction of a mortgage;
(3) a will;
(4) a plat;
(5) a lease, amendment of lease, assignment of lease, or memorandum of lease;
(6) a deed, instrument, or writing in which the United States or any agency or instrumentality thereof is the grantor, assignor, transferor, conveyor, grantee, or assignee;
(7) a deed for a cemetery lot or lots;
(8) a deed of distribution by a personal representative;
(9) a deed to or from a co-owner partitioning their undivided interest in the same piece of real property;
(10) a deed or other instrument of conveyance issued pursuant to a permanent school fund land exchange under section 92.122 and related laws;
(11) a referee’s or sheriff’s certificate of sale in a mortgage or lien foreclosure sale;
(12) a referee’s, sheriff’s, or certificate holder’s certificate of redemption from a mortgage or lien foreclosure sale issued under section 580.23 or other statute applicable to redemption by an owner of real property;
(13) a deed, instrument, or writing which grants, creates, modifies, or terminates an easement;
(14) a decree of marriage dissolution, as defined in section 287.01, subdivision 4, or a deed or other instrument between the parties to the dissolution made pursuant to the terms of the decree; and
(15) a transfer on death deed under section 507.071, and any affidavit or other document to the extent it references a transfer on death deed.