Instructions For Form M-4x - Minnesota Department Of Revenue (Page 2 of 2) in pdf

Line 9

Line 10

Regulated investment companies (RICs), real

Alternative minimum tax

Minimum fee

estate investment trusts (REITs), real estate

mortgage investment conduits (REMICs)

For tax years beginning after 1986 and

For tax years beginning after 1989, the

and corporations exempt from the regular

before 1990, the alternative minimum tax

franchise tax on corporations includes a

tax are exempt from the minimum fee.

was based on your corporation's property,

minimum fee. The amount of your minimum

payroll and sales in Minnesota.

fee is determined by your total Minnesota

Use the minimum fee table below to

property, payroll and sales, with the follow-

determine your minimum fee.

For tax years beginning after 1989, the

ing exceptions:

Minnesota AMT is similar to the federal

• Financial institutions do not include

Line 12

AMT. If your AMT has changed, fill out and

intangible property in the property factor

attach a corrected Schedule AMT for the

Fill in the total liability from the original

for purposes of calculating the minimum

year you are amending. For tax years

return or as previously amended, plus any

fee.

beginning before 1990, unitary groups must

adjustment for changes to estimated tax

• If your corporation is a partner in a

complete Schedule AMT-U.

and/or refundable credits. The allowable

partnership, do not include the portions

refundable credits are not the same for all

of your property, payroll and sales that

years, but may include the following:

are attributable to the partnership’s

• exempt agricultural electricity credit,

business in the minimum fee calculation.

• gasoline and special fuel tax credit, or

• enterprise zone credit.

Minimum Fee Table

Line 15

Interest

If total property, payroll and

Fill in this amount on

sales in Minnesota is:

line 10 of Form M-4X:

Simple interest is due on additional tax at

the following rates:

less than $500,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0

1999 . . . . . . . . . . . . . . . . . . . . 8%

1998 . . . . . . . . . . . . . . . . . . . . 9%

$500,000 to $999,999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100

1997 . . . . . . . . . . . . . . . . . . . . 8%

$1,000,000 to $4,999,999 . . . . . . . . . . . . . . . . . . . . . . . . . . $300

1996 . . . . . . . . . . . . . . . . . . . . 9%

$5,000,000 to $9,999,999 . . . . . . . . . . . . . . . . . . . . . . . . $1,000

1995 . . . . . . . . . . . . . . . . . . . . 7%

1993-94 . . . . . . . . . . . . . . . . . . 6%

$10,000,000 to $19,999,999 . . . . . . . . . . . . . . . . . . . . . . $2,000

1992 . . . . . . . . . . . . . . . . . . . . 9%

$20,000,000 or more . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,000

1991 . . . . . . . . . . . . . . . . . . . 10%

1990 . . . . . . . . . . . . . . . . . . . 11%

1989 . . . . . . . . . . . . . . . . . . . . 9%

Line 16

Make your check payable to “MN Dept. of

Revenue,” and write your Minnesota ID

number on your check.

Mail Form M-4X to:

MN Corporation Franchise Tax

Mail Station 1255

St. Paul, MN 55146-1255

Instructions For Form M-4x - Minnesota Department Of Revenue Page 2

Related Articles

Related forms

Related Categories