This legislative bill proposes a change to the Minnesota tax code, specifically altering how Minnesota refers to the Internal Revenue Code (IRC) of 1986 in its own state tax regulations. The bill specifies that for Minnesota tax purposes, the IRC includes all its amendments up to May 1, 2023, as well as any related uncodified federal law provisions that impact Minnesota. However, a particular section of federal law, Section 530 of Public Law 95-600, will not be included in what Minnesota considers part of the IRC. This section deals with employee classification, meaning the bill aims to exclude certain federal criteria related to distinguishing between employees and independent contractors within Minnesota's tax laws.