Form M3 - Partnership Return - 2011 Page 2
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1
22011 M3A
2011 Apportionment and Minimum Fee
All partnerships must complete M3A to determine its Minnesota source income and minimum fee .
See M3A instructions beginning on page 6 . Enclose a copy of your balance sheet .
A
B
C
D
E
Place an X in the box if you conduct all activity
In Minn.
Total
Factors (A ÷ B)
Factor
Weighted Ratio
in Minnesota, and enter 1 .00000 on line 6 .
Weight
(C x D)
(carry to 5 decimal places)
Property Factor
1a
1 a Average value of inventory . . . . . . . . . . . .
b Average value of buildings, machinery
1b
and other tangible property owned . . . . .
1c
c Average value of land owned . . . . . . . . . .
Total average value of tangible property
1
owned at original cost (add lines 1a-1c) . . . .
2 Capitalized rents paid by partnership
2
(gross rents paid x 8) . . . . . . . . . . . . . . . . . . .
.
0 .05
3
3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . .
(If line 3, column B is zero, see “Three-Factor Formula,” on page 6.)
Payroll Factor
4 Total payroll, including guaranteed
.
0 .05
4
payments to partners . . . . . . . . . . . . . . . . . . .
(If line 4, column B is zero, see “Three-Factor Formula,” on page 6.)
Sales Factor
5
.
0 .9
5 Sales (including rents received) . . . . . . . . . .
(If line 5, column B is zero, see “Three-Factor Formula,” on page 6.)
Apportionment Factor
6 Total of lines 3, 4 and 5 in column E, and carry result to five decimal places (e.g., enter 50% as .50000).
6
.
If all your business was conducted in Minnesota during the tax year, enter 1 .00000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Minimum Fee Calculation
7
7 Total of lines 3, 4 and 5 in column A . . . . . . .
8
8 Adjustments (see instructions, page 7) . . . .
(Identify pass-through entity and enclose schedule.)
9
9 Combine lines 7 and 8 . . . . . . . . . . . . . . . . . .
10 Minimum fee (determine using the amount
10
on line 9 and the table below) . . . . . . . . . . . .
Enter this amount on line 1 of your Form M3.
* The following partnerships do not have to
Minimum Fee Table
pay a minimum fee:
If line 9 of M3A is:
your minimum fee* is:
• F arm partnerships with more than 80
less than $500,000 . . . . . . . . . . . . . . . . . . . . . . . . . .
$0
percent of income from farming; and
$500,000 to $999,999 . . . . . . . . . . . . . . . . . . . . . .
$100
• Q ualified businesses participating in a
JOBZ zone in Minnesota that have all of
$1,000,000 to $4,999,999 . . . . . . . . . . . . . . . . . .
$300
their property and payroll within the zone.
$5,000,000 to $9,999,999 . . . . . . . . . . . . . . . . . . $1,000
If you are exempt from the minimum fee,
$10,000,000 to $19,999,999 . . . . . . . . . . . . . . . . $2,000
enter zero on line 10 above and on line 1 of
Form M3 .
$20,000,000 or more . . . . . . . . . . . . . . . . . . . . . . . $5,000
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