When is the Taconite Production Tax Report due?
You must file the Taconite Production estimate by Oct. 10, and file Form MT11, Taconite Production Tax Report, by Feb. 1.
What is the Taconite Production Tax rate?
Under current law, the rate is recalculated each year, based on changes in the national Gross Domestic Production Implicit Price Deflator. For 2011, the rate was $2.412 per taxable ton of taconite concentrates or pellets; for 2012 the rate is $2.465 per ton.
How do I file a Taconite Production Tax Report?
To file your Taconite Production Report, download Form MT11 and the instructions below:
Form MT11, Taconite Production Tax Report
Form MT11 Instructions
After you complete your report, print a copy and mail it to:
Mail Station 6100
St. Paul, MN 55146-6100
Payments and Methods
You are required to make two payments per year, due on Feb. 24 and Aug. 24 (or by the next business day if the due date is on a weekend or legal holiday). The Department of Revenue will notify you of your tax due by Feb. 15 and tell you how much to send to each county and to the IRRRB. Do not send payment to the Department of Revenue.