IRON ORE BEARING MATERIAL OTHER THAN TACONITE AND SEMITACONITE; TAXATION.

§ Subdivision 1. Definition. Iron-bearing material, other than taconite and semitaconite, having not more than 46.5 percent natural iron content on the average, is subject to taxation under section 298.24 . The tax under that section applies to material that is treated in Minnesota for the purpose of making the iron-bearing material merchantable by any means of beneficiation, separation, concentration, or refinement. The tax under section 298.24 does not apply to unmined iron ore and low-grade iron-bearing formations as described in section 273.13 , subdivision 31, clause (1). § Subd. 2. [Repealed, 2008 c 366 art 10 s 16 ] § Subd. 3. [Repealed, 2008 c 366 art 10 s 16 ] § Subd. 4. [Repealed, 2008 c 366 art 10 s 16 ]