Source: https://www.revisor.mn.gov/statutes/2019/cite/290.48
Timestamp: 2020-02-23 15:27:03
Document Index: 167024050

Matched Legal Cases: ['art 3', 'art 2', 'art 16', 'art 2', 'art 1', 'art 1', 'art 21', 'art 1', 'art 1', 'art 1', 'art 3', 'art 2', 'art 6', 'art 6', 'art 8', 'art 1', 'art 3']

﻿ Sec. 290.48 MN Statutes
Section 290.48
290.47 290.49
2006 Subd. 10 Amended 2006 c 212 art 3 s 26
290.48 LARGE AMOUNTS OF CASH; PRESUMPTION OF JEOPARDY.
[Repealed, 1982 c 523 art 2 s 49]
[Repealed, 1991 c 291 art 16 s 12]
Subd. 10.Presumptions where owner of large amount of cash is not identified.
(a) If the individual who is in physical possession of cash in excess of $10,000 does not claim such cash, or does not claim it belongs to another person whose identity the commissioner can readily ascertain and who acknowledges ownership of such cash, then, for purposes of section 270C.36, it shall be presumed that the cash represents gross income of a single individual for the taxable year in which the possession occurs, and that the collection of tax will be jeopardized by delay.
(2394-45) 1933 c 405 s 45; 1957 c 763 s 1,2; 1959 c 367 s 3-5; 1959 c 596 s 1; 1965 c 464 s 1; 1969 c 305 s 1; 1978 c 674 s 60; 1978 c 767 s 21,22; 1981 c 178 s 93; 1982 c 523 art 2 s 29-32; 1983 c 207 s 25,43; 1983 c 342 art 1 s 43; 1984 c 514 art 1 s 8; 1Sp1985 c 14 art 21 s 49; 1986 c 444; 1Sp1986 c 1 art 1 s 9; 1Sp1986 c 3 art 1 s 82; 1987 c 268 art 1 s 101; 1988 c 719 art 3 s 12; 1989 c 28 s 25; 1990 c 604 art 2 s 16; 1991 c 291 art 6 s 46; 1992 c 511 art 6 s 19; 1993 c 375 art 8 s 14; 1994 c 587 art 1 s 24; 2006 c 212 art 3 s 26