Minnesota Statutes 287.221 – New Residential Construction
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The commissioner of revenue may not enforce a deed tax assessment on the consideration paid for an improvement in the case of new residential construction if, at or before the time the first residential owners of the improvement take possession, the deed tax has been paid on the consideration paid for the improvement.
Terms Used In Minnesota Statutes 287.221
- Deed: The legal instrument used to transfer title in real property from one person to another.
- 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