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DEC-19-2002 14:57 ROSEVILLE—COMM—DEV 6514902931 P.21/27 <br /> 469.1813 <br /> • <br /> Subd. 6a. Deferment payment schedule. When the tax is <br /> deferred and the interest and penalty abated,the political subdivision must <br /> set a schedule for repayments. <br /> The deferred payment must be included <br /> with the current taxes due and payable in the years the deferred payments I <br /> are due and payable and must be levied accordingly. <br /> Subd. 6b. Extended duration limit. (a) Notwithstanding the <br /> c1 <br /> provisions of subdivision 6, a political subdivision may grant en abatement 3 <br /> for a period of up to 20 years, if the abatement is for a qualified business. <br /> (b) To be a qualified business for purposes of this subdivision, at <br /> •3 <br /> least 50 percent of the payroll of the operations of the business that qualify <br /> • for the'abatement must be for employees engaged in one of the following "! <br /> lines of business or any combination of them: <br /> (1) manufacturing; <br /> (2) agricultural processing; <br /> (3) mining; <br /> (4) research and development; <br /> (5)warehousing; or3 <br /> (6) qualified high technology. <br /> c (1) "Manufacturing" means the material stain and production <br /> O 9 staging <br /> of tangible personal property by procedures commonly regarded as I <br /> manufacturing, processing, fabrication, or assembling which changes <br /> • some existing material into new shapes, new <br /> qualities, or new <br /> 6 Kress Monroe, P.A. <br />