Instructions For Market Value Report - Minnesota Department Of Revenue
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1
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3Instructions for Market Value Report
Who must file?
The company’s or parent company’s Annual
Every electric light, power, gas, water, transportation, and
Report to Shareholders discussing the previous
pipeline company doing business in Minnesota must file a
calendar year.
Market Value Report and certification form each year.
Internal Financial Information: income statement,
balance sheet, and statement of cash flows, if they
When is it due?
are not included in your regulatory information
The report and certification are due by March 31. We may
for the previous calendar year-end
grant a 15-day filing extension for good cause. (Email
Most recent:
your request for an extension to
o Report of Audit
sa.property@state.mn.us.)
o Forecasts
o Goodwill impairment study
For more information about how to request an extension,
o Asset impairment study
visit our webpage at
o Appraisal or valuation
o Hurdle rate analysis or other internal rate
Extensions.aspx
of return or cost of project analysis
o Purchase price allocation
Where can I get a copy of the report and
If your company had more than one of any of the
certification?
above studies or reports completed during the
The Market Value Report is posted on our website at
previous calendar year, provide all from the
(Click Businesses > Taxes &
previous calendar year. Otherwise, provide the
Fees > Property Tax > Utility Property Tax > Market Value
most recently completed study or report, even if
Report and Market Value Report Instructions.)
you completed it earlier than the previous
calendar year.
How do I submit the report and
Source Information: You must provide the source
certification?
information for the amounts you list on the
You must complete, sign, scan, and email the certification
Market Value Report. Include the supporting
back to our office with your report each year.
document name and page number in the Source
column on the Market Value Report. If the value
Complete the Market Value Report and email a copy of
reported does not reconcile, you must provide an
the report to sa.property@state.mn.us.
explanation and/or additional statement.
Exclusions: You must provide an additional
You must include all supporting documentation as soon as
schedule and cite the statute under which the
it is available.
property is excluded for any exclusions (lines 52-
77).
What Supporting Documentation is
If you do not provide the statute and schedule
Required?
we will not allow the claimed exclusion.
You must submit the following information with your
Market Value Report:
If any information is not available when you submit your
Regulatory forms filed for the previous calendar
report, use Section 11, Additional Notes, to notify the
year-end:
department when you will submit any missing
o Federal Energy Regulatory Commission
information.
(FERC) Form
o U.S. Department of Agriculture-Rural
Contact us at 651-556-6112 or
sa.property@state.mn.us
if
Utilities Service Annual Operating Report
you are not sure if something listed applies to you.
o Jurisdictional Annual Report to
How do I complete the Market Value
Minnesota Public Utilities Commission
Report?
(PUC) or Minnesota Department of
Commerce
Complete each field for the System (entire amount for the
o The company’s or parent company’s
company filing this report) and for Minnesota (figures for
Securities & Exchange Commission Form
the company filing this report as the figures pertain to
10-K
Minnesota).
11/17
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