Instructions For Market Value Report - Minnesota Department Of Revenue Page 3
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3Instructions for Market Value Report
The department will not accept any claimed excludable
You may also use this “additional notes” section to bring
property amounts that are not substantiated by the
the department’s attention to information that is not
company.
included elsewhere in the report, which the department
should consider when developing an estimate of market
Inventory of meters only includes meters that are not
value.
installed.
Section 12 – Stock and Debt Information
Electric Distribution Lines in Rural Areas is only for:
Note: Income information regarding income producing
1. Electric Cooperatives that pay a per member tax
properties that is collected by the department is private or
on their rural distribution lines as provided by
nonpublic data.
Minnesota Statutes, sections 273.38 – 273.41.
You can only include the amount of your rural
You must complete this section if the company filing this
distribution lines. This does not include the
report is publically traded or if the parent company of the
amount for street lighting, substations, etc.
company filing this report is publically traded.
Or
2. Electric power distribution lines and their
If the company’s parent is publically traded, “unit” refers
attachments and appurtenances, that are used
to the company filing this report and “parent” refers to the
primarily for supplying electricity to farmers at
parent company (publically traded parent).
retail as provided by Minnesota Statutes, section
272.02, subdivision 19
Questions?
Email questions to
sa.property@state.mn.us
or call 651-
If you are claiming pollution control property as
556-6112.
excludable property, you must also include a copy of the
order granting the exemption.
Use of Information
The information requested on this form is used to estimate
If providing “other”, add supplemental schedule that
your market value for each property type, by parcel. If you
itemizes the amount listed on line 76.
do not provide the information, the Department of
Revenue may value your property based on the best
Section 9 – Long‐Term Debt
information available.
Attach a schedule of long-term debt for the company filing
the report of the parent company of the company filing the
All information requested on this form is public, except
report.
detailed income and expense figures and anticipated
income and expenses.
Section 10 – Forecasts
Note: Detailed income and expense figures and
Penalties
anticipated income and expenses collected by the
Making false statements on this report is against the law.
department is private or nonpublic data.
Minnesota Statutes, section 609.41, states that anyone
giving false information in order to avoid or reduce their
Attach Financial Forecasts, including, but not limited to
tax obligation is subject to a fine of up to $3,000 and/or
income, expense, and capital expenditures.
one year in prison.
Section 11 ‐ Additional Notes
The “additional notes” section may be used to add
clarification or emphasis to any information provided
within the report.
If any supplemental information is not available when you
submit your report, use this section to notify the
department when you will submit any missing
information.
11/17
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