This bill, introduced in the Minnesota House of Representatives by Representative Davids, pertains to individual income taxation and the correction of errors related to the taxable year of deductible retirement contributions. Specifically, it requires annuity contract providers to attribute contributions made to an individual retirement plan to the preceding taxable year if they are received by the legal deadline, as outlined in section 219(f)(3) of the Internal Revenue Code. However, this rule applies only if the individual provides notification specifying the intended tax year designation within three years of the original tax return due date for that year.