Minn. Stat. » CHAPTER 290. INCOME AND FRANCHISE TAXES
Minnesota Statutes

Minn. Stat. § 290.02 (2026)

Franchise Tax On Corporations Measured By Net Income

✓ current as of May 2026
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An annual franchise tax on the exercise of the corporate franchise to engage in contacts with this state that produce gross income attributable to sources within this state is imposed upon every corporation that so exercises its franchise during the taxable year.

Contacts within this state do not include transportation in interstate or foreign commerce, or both, by means of ships navigating within or through waters that are made international for navigation purposes by any treaty or agreement to which the United States is a party.

The tax so imposed is measured by the corporations' taxable income and alternative minimum taxable income for the taxable year for which the tax is imposed, and computed in the manner and at the rates provided in this chapter.

Notes of Decisions
Cited in 23 cases (1 in the last 5 years), 1945–2025 · leading case: Cambridge State Bank v. Roemer, 457 N.W.2d 716 (Minn. 1990).
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Cambridge State Bank v. Roemer, 457 N.W.2d 716 (Minn. 1990). · cites it 24× “On August 28, 1989, following Phase II of the trial, the court ruled that appellants were liable for refunds, with interest, and ordered retroactive relief in the following amounts: Norwest — $189,065; Sleepy Eye — $36,278; Cambridge — $23,833; and Midway — $46,574.”
Milwaukee Motor Transp. Co. v. Comm'r of Taxation, 193 N.W.2d 605 (Minn. 1971). · cites it 18× “Plaintiff has never paid a railroad gross earnings tax or filed a return for such tax, but it has filed returns for, and has paid, the corporation income tax, pursuant to § 290.02, since 1959. From 1959 to 1966, the only corporation income tax liability was the minimum tax of…”
W. Union Tel. Co. v. Spaeth, 44 N.W.2d 440 (Minn. 1950). · cites it 8× “1911, § 290.02, for the calendar years 1911, 1912, and 1913.”
Soo Line R.R. v. Comm'r of Revenue, 377 N.W.2d 453 (Minn. 1985). · cites it 11× “Laws 671, 778 (gross earnings tax); Minn.Stat. § 290.02 (1984) (excise tax). While the excise tax applied to all interstate businesses, only railroads were subject to the gross earnings tax.”
Reuben L. Anderson-Cherne, Inc. v. Comm'r of Taxation, 226 N.W.2d 611 (Minn. 1975). · cites it 11× “1971, § 290.02, for the years 1968, 1969, and 1970.”
State v. Nw. States Portland Cement Co., 84 N.W.2d 373 (Minn. 1957). · cites it 12× “A comparison of § 290.02 with the section with which we are here directly concerned, namely § 290.”
Cambridge State Bank v. James, 514 N.W.2d 565 (Minn. 1994). · cites it 12× “That tax was governed by the provisions of Minn.Stat. § 290.02. Id. Both Minn.Stat. §§ 290.”
Nw. Airlines, Inc. v. Roemer, 603 F. Supp. 7 (D. Minnesota 1984). · cites it 4× “Because Minn. Stat. § 290.02 , subd. 23 is a law of general application which seeks only to secure payment of delinquent taxes, Roemer argues that it does not fall into the category of state laws which are superceded by § 1144(a).”
Associated Bank, N.A. v. Comm'r of Revenue, 914 N.W.2d 394 (Minn. 2018). · cites it 2× “After the loans were transferred to the LLCs, the loans earned nearly $28 million in interest income during the remaining months of 2007 and another $114.6 million in interest income in 2008. Minnesota imposes a tax on the taxable income of businesses, including the Bank, 3 that…”
John Hancock Mut. Life Ins. Co. v. Comm'r of Revenue, 497 N.W.2d 250 (Minn. 1993). · cites it 2× “15 (1986) (the premium tax) and the tax on net income imposed by Minn.Stat. § 290.02 (1986) (the income tax).”
In Re Alt. Minimum Tax Refund Cases, 546 N.W.2d 285 (Minn. 1996). · cites it 4× “Appellants argue that the Alternative Minimum Corporate Franchise Tax (“AMT”), embodied in Minn.Stat. §§ 290.02, 290.092 (1987), violated the Commerce Clause of the United States Constitution because it was “internally inconsistent” and discriminated against interstate commerce.”
Nw. Mut. Life Ins. v. United States, 7 Cl. Ct. 501 (Ct. Cl. 1985). · cites it 2× “Minn.Stat.Ann. § 290.02 (West 1962 and West Cum.”
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