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Last Updated: 11/20/2017

Mineral Taxes

Minnesota Mining Tax Guide

The 2017 Minnesota Mining Tax Guide is now available.

Did you know you can access the most up-to-date information right here!  No need to wait a year for the Guide. See Mining Statistics where we update our data charts as information becomes available.

The base tax rate for the 2017 Production Tax is $2.701 per taxable ton

The rate was finalized using the report that was released on April 28, 2017 from the U.S. Department of Commerce. See link below.

The rate is calculated by multiplying the 2016 tax rate times the percentage change from the 4th quarter Gross Domestic Product Implicit Price Deflator (GDPIPD) of 2016 compared to 2015. An additional tax of three cents per ton is imposed for each one percent the product’s iron content exceeds 72 percent.

 $2.659 X (112.229 / 110.504) = $2.701.

The data can be found under Section 1, table 1.1.9 in the U.S. Department of Commerce Bureau of Economic Development webpage.


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