TCF Bank Savings FSB v. Commissioner of Revenue

TOMLJANOVICH, Justice.

This case presents an issue of statutory construction. The question is whether mass-mailed business solicitation letters are publications regularly issued at intervals not exceeding three months and therefore entitled to an exemption from sales and use taxes under Minn.Stat. § 297A.25, subd. 10 (1990). After oral argument based on stipulated facts, the Tax Court upheld the Commissioner of Revenue’s denial of an exemption. We affirm.

From October 1, 1985, through December 31, 1987, relator bought printed materials to promote its financial services. The materials were…