Individual income and corporate franchise taxes, certain state aid programs and public finance provisions modifications and appropriation

Related bill: HF506

Bill text versions

• Introduction PDF file
• 1st Engrossment PDF file
• 1st Engrossment PDF file

Actions

[
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Modifying provisions governing the definitions and responsibilities related to significant tax expenditures in section 3.8855.",
      "modified": [
        "Clarification of definitions of significant tax expenditure."
      ]
    },
    "citation": "3.8855",
    "subdivision": "subdivisions 2, 3"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Changes in government ethics reporting requirements under section 10A.02.",
      "modified": [
        "Adjustments to reporting requirements for officials."
      ]
    },
    "citation": "10A.02",
    "subdivision": "subdivision 11b"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Amendment related to public subsidy agreements for candidates under section 10A.322.",
      "modified": [
        "Changes in subsidy agreement compliance standards."
      ]
    },
    "citation": "10A.322",
    "subdivision": "subdivision 4"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Adjustments to tax administration powers under section 270C.445.",
      "modified": [
        "Modification of authority related to tax collection processes."
      ]
    },
    "citation": "270C.445",
    "subdivision": "subdivision 3"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Revisions of property tax classification exemptions in section 272.01.",
      "modified": [
        "Updates to types of properties qualifying for exemptions."
      ]
    },
    "citation": "272.01",
    "subdivision": "subdivision 2"
  },
  {
    "analysis": {
      "added": [
        "New property types exempt from taxes."
      ],
      "removed": [],
      "summary": "Amendments related to property tax exemptions, adding new categories to subdivision 19 in section 272.02.",
      "modified": []
    },
    "citation": "272.02",
    "subdivision": "subdivision 19"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Changes in eligibility criteria for homestead credit under section 273.124.",
      "modified": [
        "Updates to documentation required for homestead classification."
      ]
    },
    "citation": "273.124",
    "subdivision": "subdivisions 8, 14"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Adjustment of property tax classifications under section 273.13.",
      "modified": [
        "Redefinition of property use classification terms."
      ]
    },
    "citation": "273.13",
    "subdivision": "subdivision 22"
  },
  {
    "analysis": {
      "added": [
        "Additional exclusions from taxable income."
      ],
      "removed": [],
      "summary": "Addition of new provisions to income tax adjustments under section 290.0132.",
      "modified": []
    },
    "citation": "290.0132",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Changes to the rate and conditions for the application of income tax rates under section 290.06.",
      "modified": [
        "Alteration of income thresholds for tax brackets."
      ]
    },
    "citation": "290.06",
    "subdivision": "subdivision 23"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Updates to the alternative minimum tax under section 290.0693.",
      "modified": [
        "Adjustment to exemption amounts for taxpayers subject to AMT."
      ]
    },
    "citation": "290.0693",
    "subdivision": "subdivision 1"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Modification of tax credits related to research and development in section 290.0695.",
      "modified": [
        "Revised criteria for eligibility for R&D tax credits."
      ]
    },
    "citation": "290.0695",
    "subdivision": "subdivisions 1, 3"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Changes to the calculation of estimated tax payments under section 290.091.",
      "modified": [
        "Modification of payment schedules for estimated taxes."
      ]
    },
    "citation": "290.091",
    "subdivision": "subdivision 2"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Amendments regarding property tax refund calculations in section 290A.03.",
      "modified": [
        "Revision of refund calculation methods for property taxes."
      ]
    },
    "citation": "290A.03",
    "subdivision": "subdivision 3"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Revisions in public finance authority under section 446A.086.",
      "modified": [
        "Change in terms for municipal bond issuance."
      ]
    },
    "citation": "446A.086",
    "subdivision": "subdivision 1"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Modifications to economic development tax increment financing in section 469.104.",
      "modified": [
        "Updated conditions for financing approvals."
      ]
    },
    "citation": "469.104",
    "subdivision": ""
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "Changes in allocation of bonding authority under section 474A.091.",
      "modified": [
        "Revised allocation process for industrial development bonds."
      ]
    },
    "citation": "474A.091",
    "subdivision": "subdivisions 2, 2a"
  }
]

Sponsors

• D. Scott Dibble (DFL)
• Jeremy R. Miller (R)
• Ann H. Rest (DFL)
• Bill Weber (R)
• Aric Putnam (DFL)