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Monday, May 4, 2020 | History

2 edition of Iron mining and taxes in Minnesota found in the catalog.

Iron mining and taxes in Minnesota

James B. McComb

Iron mining and taxes in Minnesota

by James B. McComb

  • 272 Want to read
  • 20 Currently reading

Published by Macalester College, Bureau of Economic Studies in St. Paul, Minn .
Written in English

    Places:
  • Minnesota.
    • Subjects:
    • Iron mines and mining -- Minnesota.,
    • Iron industry and trade -- Taxation.

    • Edition Notes

      Statementby James B. McComb.
      SeriesSeries on American capitalism, Bulletin ;, 13, Bulletin (Macalester College. Bureau of Economic Studies) ;, 13.
      Classifications
      LC ClassificationsHD9517.M6 M33 1963
      The Physical Object
      Pagination20 p. :
      Number of Pages20
      ID Numbers
      Open LibraryOL1640308M
      LC Control Number91193463
      OCLC/WorldCa4121430

        Minnesota Attorney General's Reserve Mining Company Case Files, Correspondence, reports, transcripts, exhibits, background files, and other legal and court documents relating to permits and litigation over the Reserve Mining Company’s waste control procedures, particularly its disposal of taconite : Jennifer Kleinjung.   The remainder of the tax dollars went to the counties, cities and townships of Minnesota’s iron mining region, to provide property tax relief in various forms. The report shows that Minnesota’s iron mining industry produced 39 million tons of iron ore in — the highest annual amount since

      The Iron Range Resources and Rehabilitation Board (IRRRB), known simply as "the I-triple-R-B" or Iron Range Resources, is an economic development agency funded partly by taxes levied by the state on taconite-producing companies and charged with creating jobs. History. Geologically, the iron ranges in Minnesota belong to the Animikie Group. (1) The above quote by Walter Van Brunt () really encapsulates the history of all of the four iron mining "Ranges" of northern Minnesota. Where the life span of most mining districts lasts only years or tens of years, mining in the iron ranges of Minnesota has spanned over years and is Missing: taxes.

      The Minnesota Department of Revenue just released its Mining Tax Guide, which describes the allocation of more than $ million from iron mining production taxes. Iron Mining Association of Minnesota West Superior Street, Suite • Duluth, MN Email: [email protected] • Ph: • Fax: Minnesota Web Design by W.A. Fisher Co.


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Iron mining and taxes in Minnesota by James B. McComb Download PDF EPUB FB2

If a steel plant were in conjunction with a DRI plant, the DRI portion would be subject to the taconite production tax, thus exempt from ad valorem (property) taxes. Direct Reduced Iron (DRI) Years of % of regular Years of % of regular operation rate operation rate 1 0% 4 50% 2 0% 5 75% 3 25%6 %.

This escalator takes effect each year unless the rate is frozen or changed by the Minnesota State Legislature. The tax rate for the production year was $ per taxable ton. For concentrates produced inthe rate escalated to $ per taxable ton.

Taxable Tons. The heart of the book, however, is the exploration and settlement of Minnesota's Mesabi, Vermilion, and Cuyuna iron ranges and the development of the iron mining industry.

The book presents the history of these areas in much greater depth, explaining how social, political, and economic factors caused mining camps to become villages and allowed some villages to become prosperous cities while others 5/5(11).

Magnetation, a Minnesota company, is currently recovering high grade iron ore fines from a number of natural iron ore tailings basin located on the Mesabi Range. Taxation. The Minnesota Mining Tax Guide summarizes Minnesota’s mining related taxes paid by the mining iron industry each Size: KB.

Minnesota mining-related taxes paid by the mining industry. This book strives to simplify the complicated tax statutes using language that is easy to understand and non-technical narratives, tables, graphs and flowcharts.

Taconite Production Tax The taconite production tax is the largest tax paid by the iron mining industry. Every person engaged in the business of mining or producing iron ore or other ores must pay an occupation tax as required by the Minnesota Constitution, Art.

X, sec. This tax is computed according to Minnesota Statutes, secs. toand most provisions of the corporate franchise (income) tax, Minnesota Statutes, sec. File Size: KB. A study by the Labovitz School of Business and Economics at the University of Minnesota-Duluth found that while about 4, people were employed directly in iron mining in Minnesota in2, Taconite mining occurs on the Mesabi iron range in northeastern Minnesota.

Furthermore, iron ore is being recovered from old iron mining waste materials, called tailings, on the Mesabi Range. Nonferrous minerals manganese, copper, nickel, platinum, and titanium exist in Minnesota in minable quantities, but under current market conditions are.

The Merritt brother's nickname makes it obvious they had some role in iron mining. Their nickname was 'The Seven Iron Brothers', which they got after stumbling upon the Mesabi range. They wrote about their story, in part, in Seven Iron Men.

The book was first published in The five brothers and two nephews did not only help chart the iron Missing: taxes. Minnesota's iron mining companies tured their attention back to other business, but they would be faced with labor concerns again and again in the years to come.

Work Labor unions in Minnesota and across the nation began fighting for better pay and working conditions during. In real numbers, iron ore taxes in Minnesota totaled $ million, of which some $38 million went to the Iron Range Resources & Rehabilitation Board.

The Minnesota Mining Tax Guide is published to identify all Minnesota mining-related taxes paid by the mining industry. This book strives to simplify the complicated tax statutes using language that is easy to understand through non-technical.

Taconite: New Life for Minnesota's Iron RangeThe History of Erie Mining Company More. Taconite: New Life for Minnesota's Iron Range.

$ Price. Taconite: New Life for Minnesota's Iron Range. The History of Erie Mining Company. Quantity. Add to Cart. Publication Update. Books are expected to be packaged and shipped for pre-order sales. A Photo Essay of an Iron Mining Community: Hibbing, Minnesota ~ ~ $ tax & shipping included Eveleth, City on the Hill ~ ~ $, tax & shipping included Iron Range Legacy by Mae S.

Byrd ~ ~ $, tax & shipping included. Academics, politicians, and industry leaders engaged in a massive public education campaign about the importance of increased investment in taconite mining to save the economy of the Iron Range via the Taconite Tax Amendment inwhich effectively decreased taxation on mining companies as an incentive for them to invest in the necessary technology to process : Jennifer Kleinjung.

In lieu of the property tax, the iron mining industry pays a. production tax. based on the tons of taconite produced. The industry is also exempt from the corporate franchise tax and instead pays an.

occupation tax. What is the total tax paid by mining companies. As reported by Department of Revenue, Mining Tax Guide (), Minnesota collected. Mesabi Daily News, Nov. 22, Minnesota’s iron mines generated more than $96 million for communities inaccording to the Mining Tax Guide, published this week by the state Department of Revenue.

The tax dollars were distributed this year and based off production, which totaled more than 29 million tons of ore. Historically, the State of Minnesota has been leasing its iron ore and taconite resources since the s.

All leases must be approved by the State Executive Council. Statutes: The leasing of state-owned lands and interests in lands for govern the leasing for iron ore and taconite mining is governed by Minnesota Statutes, sections - Iron and Water is Grant J.

Merritt’s memoir of his life’s work on behalf of Minnesota’s people and environment and also the story of a family significant in state history. Chronicling the discovery of vast iron deposits on the Mesabi Range and the fight to save Lake Superior and Minnesota’s natural riches, Merritt reveals how individuals can change the g: taxes.

The real story behind Iron Range mining taxes J by Aaron Brown Leave a Comment Mike Jennings and the Hibbing Daily Tribune dig below the surface of the last week’s dust-up over the KSTP Ironworld story (by now I think KSTP has forgotten they even did the story).

At Hill Annex Mine State Park visitors can learn about Minnesota’s Iron Range history at two levels: Fossil hunts tell the story of the Iron Range in geologic terms through rock formed more than 65 million years ago. Mine history tours tell the story of open pit iron mining in Minnesota from around through In Taconite Dreams: The Struggle to Sustain Mining on Minnesota’s Iron Range, –, Jeffrey T.

Manuel examines how the region fought the dislocation that came with economic changes, technological advances, and global shifts in industrial production. On the Iron Range, efforts included the development of taconite mining as a.Taconite: New Life for Minnesota's Iron Range, the History of the Erie Mining Company has been published!  Purchase your copy now for $45, which includes.