Top Legislation - View All
Also tagged in: Airports and Aircraft, Appropriations, Cities and Towns, Cities and Towns-Specific, Counties, Counties-Specific, Economic Development, Federal Government, Liens, Mines and Mining, Omnibus, Revenue Department, State Government-Finance, State Government-Officers, Taxation, Taxation-Franchise, Taxation-Income, Taxation-Mortgage Registry and Deed, Taxation-Property, Taxation-Sales and Use
Latest Action: 05/21/2007 - Joint rule 3.02(a), conference committee discharged, bill laid on table Bill TextTICLE 1 - HOMESTEAD CREDIT STATE REFUND Modifying residential homestead market value credit provisions; modifying proposed property tax notice content requirements; modifying the definition of property taxes payable; increasing property tax refunds for renters and homesteads ARTICLE 2 - AIDS TO LOCAL GOVERNMENTS Modifying city revenue need, city aid base, county transition aid, city formula aid and providing for town aid; providing an inflation adjustment for municipal (city) aid and county need aid distributions; providing for the increase payments to counties by the commissioner of natural resources (DNR) on land utilization project land; requiring the commissioner of revenue to compute the adjusted net tax capacity and referendum market value on utility property for school district aids and levies purposes and county and city aids purposes; providing for county property tax reimbursement,[...] show full description
Latest Action: 03/21/2007 - Introduction and first reading Bill Text
Providing an estate tax exclusion for certain qualified small business and farm
properties
(rt)
Latest Action: 03/14/2007 - Introduction and first reading Bill Text
Relating to taxation; conforming to various federal tax changes for individual
income, corporate franchise, estate tax and property tax refunds
(rt)
Also tagged in: Courts, Death, Forests and Trees, Judges, Legal Proceedings, Natural Resources Department, Popular Names, Taxation, Trusts, Water, Water Resources, and Waterways Latest Action: 03/05/2007 - Introduction and first reading Bill TextTICLE 1 - DEFINITIONS AND FIDUCIARY DUTIES Enacting the "Uniform Principal and Income Act (2000)", providing a uniform set of laws governing principal and income; defining certain terms; specifying certain duties of fiduciaries and certain general principles, creating a presumption of fairness and reasonableness under the act; specifying the power of trustees to adjust between principal and income, specifying certain factors to be considered for decision making purposes; prohibiting or restricting certain adjustments ARTICLE 2 - DECEDENT'S ESTATE OR TERMINATING INCOME INTEREST Providing for the determination and distribution of net income to residuaries and beneficiaries after death of the decedent or end of income interest in a trust, specifying certain recordkeeping requirements ARTICLE 3 - APPORTIONMENT AT BEGINNING AND END OF INCOME INTEREST Specifying the entitlement of [...] show full description
Also tagged in: Airports and Aircraft, Appropriations-Omnibus Bills, Cities and Towns, Cities and Towns-Specific, Counties, Counties-Specific, Economic Development, Federal Government, Liens, Mines and Mining, Revenue Department, State Government-Finance, State Government-Officers, Taxation, Taxation-Franchise, Taxation-Income, Taxation-Mortgage Registry and Deed, Taxation-Property, Taxation-Sales and Use
Latest Action: 04/27/2007 - HF substituted by motion [HF2362] Bill TextTICLE 1 - INCOME TAX Adding certain fines to federal taxable income; providing an income tax subtraction for the amount of national service education awards received from the national service trust for service in an approved AmeriCorps national service program; providing an income tax credit for investments in qualified new business ventures; prohibiting businesses from deducting criminal or civil fines, penalties or damages; modifying and increasing the income tax credit for military service; establishing the Minnesota home care income tax credit, determining the amount of credit allowed and credit limitations, providing credit to be refundable, requiring certain caregiver training; providing an refundable income tax credit for qualified citizenship expenses; prohibiting businesses from deducting criminal or civil fines, penalties or damages; requiring compensation earned while a resident to be included as taxable [...] show full description
Also tagged in: Alcoholic Beverages, Associations and Societies, Boards, Commerce Department, Counties, Hospitals and Health Facilities, Insurance, Lands-Tax-forfeited, Metropolitan Area, Nonprofit and Charitable Organizations, Revenue Department, Taxation, Taxation-Cigarettes and Tobacco, Taxation-Gross Earnings, Taxation-Income, Taxation-Property, Taxation-Sales and Use, Telecommunications and Information Technology, Tobacco Products
Latest Action: 05/09/2007 - Committee report: To pass as amended Bill TextTICLE 1 - INCOME AND FRANCHISE TAXES Modifying the determination of debt under the revenue recapture act; requiring birth dates to be included in income tax returns; modifying withholding statement requirements by electronic means provisions; clarifying regulated investment companies requirement to file reports with the commissioner of revenue; prescribing penalties for partnership of S corporation filing with an incorrect tax identification number; clarifying penalties for excessive property tax refunds; requiring tax preparers identification numbers; clarifying a work opportunity credit provision; modifying the bovine testing credit; modifying the inflation adjustment for the dependent care credit and working family credit; modifying the inflation adjustment for the alternative minimum tax on preference items; modifying the definition of dependent for property tax refund purposes; modifying the determination [...] show full description
Latest Action: 02/05/2007 - Introduction and first reading Bill Text
Conforming state estate tax with the federal exemption amount
(rt)
Latest Action: 02/05/2007 - Introduction and first reading Bill Text
Modifying income tax rates for individuals, estates and trusts
(me)
Also tagged in: Appropriations, Business, Cities and Towns-Specific, Colleges and Universities, Counties-Specific, Data Practices and Privacy, Disasters, Economic Development, Employment and Economic Development Department, Federal Government, Housing and Housing Finance Agency, Interstate Compacts and Agreements, Local Governments, Mines and Mining, Omnibus, Pollution and Pollution Control Agency, Revenue Department, Taxation, Taxation-Franchise, Taxation-Gasoline and Special Fuels, Taxation-Gross Premium, Taxation-Income, Taxation-Mortgage Registry and Deed, Taxation-Occupation, Production, Taxation-Omnibus, Taxation-Property, Taxation-Sales and Use, Tobacco Products
Latest Action: 05/18/2008 - Conference committee report, delete everything Bill TextTICLE 1 - HOMEOWNER PROPERTY TAX REFUND Modifying the homeowners maximum allowable property tax state refund based on income level; appropriating money to the commissioner of revenue to make grants to nonprofit organizations to coordinate and aid low income taxpayer assistance services ARTICLE 2 - AIDS TO LOCAL GOVERNMENTS Modifying the distribution of local government aid (LGA); specifying a city revenue need minimum; modifying a prior enacted provision relating to city aid base adjustments and increasing the aid base for certain cities; defining small city aid base, city jobs base, and unmet need; reinstating county transition aid at the 2007 level and providing certain funding; modifying prior enacted provisions relating to city formula aid and city aid distribution; increasing the LGA appropriation for 2009 and thereafter for city and county aids and providing certain aid adjustments; [...] show full description
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Latest Legislation - View All
Latest Action: 03/21/2007 - Introduction and first reading Bill Text
Providing an estate tax exclusion for certain qualified small business and farm
properties
(rt)
Latest Action: 03/14/2007 - Introduction and first reading Bill Text
Relating to taxation; conforming to various federal tax changes for individual
income, corporate franchise, estate tax and property tax refunds
(rt)
Latest Action: 02/05/2007 - Introduction and first reading Bill Text
Modifying income tax rates for individuals, estates and trusts
(me)
Latest Action: 02/05/2007 - Introduction and first reading Bill Text
Conforming state estate tax with the federal exemption amount
(rt)
Also tagged in: Alcoholic Beverages, Associations and Societies, Boards, Commerce Department, Counties, Hospitals and Health Facilities, Insurance, Lands-Tax-forfeited, Metropolitan Area, Nonprofit and Charitable Organizations, Revenue Department, Taxation, Taxation-Cigarettes and Tobacco, Taxation-Gross Earnings, Taxation-Income, Taxation-Property, Taxation-Sales and Use, Telecommunications and Information Technology, Tobacco Products
Latest Action: 05/09/2007 - Committee report: To pass as amended Bill TextTICLE 1 - INCOME AND FRANCHISE TAXES Modifying the determination of debt under the revenue recapture act; requiring birth dates to be included in income tax returns; modifying withholding statement requirements by electronic means provisions; clarifying regulated investment companies requirement to file reports with the commissioner of revenue; prescribing penalties for partnership of S corporation filing with an incorrect tax identification number; clarifying penalties for excessive property tax refunds; requiring tax preparers identification numbers; clarifying a work opportunity credit provision; modifying the bovine testing credit; modifying the inflation adjustment for the dependent care credit and working family credit; modifying the inflation adjustment for the alternative minimum tax on preference items; modifying the definition of dependent for property tax refund purposes; modifying the determination [...] show full description
Also tagged in: Airports and Aircraft, Appropriations-Omnibus Bills, Cities and Towns, Cities and Towns-Specific, Counties, Counties-Specific, Economic Development, Federal Government, Liens, Mines and Mining, Revenue Department, State Government-Finance, State Government-Officers, Taxation, Taxation-Franchise, Taxation-Income, Taxation-Mortgage Registry and Deed, Taxation-Property, Taxation-Sales and Use
Latest Action: 04/27/2007 - HF substituted by motion [HF2362] Bill TextTICLE 1 - INCOME TAX Adding certain fines to federal taxable income; providing an income tax subtraction for the amount of national service education awards received from the national service trust for service in an approved AmeriCorps national service program; providing an income tax credit for investments in qualified new business ventures; prohibiting businesses from deducting criminal or civil fines, penalties or damages; modifying and increasing the income tax credit for military service; establishing the Minnesota home care income tax credit, determining the amount of credit allowed and credit limitations, providing credit to be refundable, requiring certain caregiver training; providing an refundable income tax credit for qualified citizenship expenses; prohibiting businesses from deducting criminal or civil fines, penalties or damages; requiring compensation earned while a resident to be included as taxable [...] show full description
Also tagged in: Courts, Death, Forests and Trees, Judges, Legal Proceedings, Natural Resources Department, Popular Names, Taxation, Trusts, Water, Water Resources, and Waterways Latest Action: 03/05/2007 - Introduction and first reading Bill TextTICLE 1 - DEFINITIONS AND FIDUCIARY DUTIES Enacting the "Uniform Principal and Income Act (2000)", providing a uniform set of laws governing principal and income; defining certain terms; specifying certain duties of fiduciaries and certain general principles, creating a presumption of fairness and reasonableness under the act; specifying the power of trustees to adjust between principal and income, specifying certain factors to be considered for decision making purposes; prohibiting or restricting certain adjustments ARTICLE 2 - DECEDENT'S ESTATE OR TERMINATING INCOME INTEREST Providing for the determination and distribution of net income to residuaries and beneficiaries after death of the decedent or end of income interest in a trust, specifying certain recordkeeping requirements ARTICLE 3 - APPORTIONMENT AT BEGINNING AND END OF INCOME INTEREST Specifying the entitlement of [...] show full description
Also tagged in: Airports and Aircraft, Appropriations, Cities and Towns, Cities and Towns-Specific, Counties, Counties-Specific, Economic Development, Federal Government, Liens, Mines and Mining, Omnibus, Revenue Department, State Government-Finance, State Government-Officers, Taxation, Taxation-Franchise, Taxation-Income, Taxation-Mortgage Registry and Deed, Taxation-Property, Taxation-Sales and Use
Latest Action: 05/21/2007 - Joint rule 3.02(a), conference committee discharged, bill laid on table Bill TextTICLE 1 - HOMESTEAD CREDIT STATE REFUND Modifying residential homestead market value credit provisions; modifying proposed property tax notice content requirements; modifying the definition of property taxes payable; increasing property tax refunds for renters and homesteads ARTICLE 2 - AIDS TO LOCAL GOVERNMENTS Modifying city revenue need, city aid base, county transition aid, city formula aid and providing for town aid; providing an inflation adjustment for municipal (city) aid and county need aid distributions; providing for the increase payments to counties by the commissioner of natural resources (DNR) on land utilization project land; requiring the commissioner of revenue to compute the adjusted net tax capacity and referendum market value on utility property for school district aids and levies purposes and county and city aids purposes; providing for county property tax reimbursement,[...] show full description
Also tagged in: Appropriations, Business, Cities and Towns-Specific, Colleges and Universities, Counties-Specific, Data Practices and Privacy, Disasters, Economic Development, Employment and Economic Development Department, Federal Government, Housing and Housing Finance Agency, Interstate Compacts and Agreements, Local Governments, Mines and Mining, Omnibus, Pollution and Pollution Control Agency, Revenue Department, Taxation, Taxation-Franchise, Taxation-Gasoline and Special Fuels, Taxation-Gross Premium, Taxation-Income, Taxation-Mortgage Registry and Deed, Taxation-Occupation, Production, Taxation-Omnibus, Taxation-Property, Taxation-Sales and Use, Tobacco Products
Latest Action: 05/18/2008 - Conference committee report, delete everything Bill TextTICLE 1 - HOMEOWNER PROPERTY TAX REFUND Modifying the homeowners maximum allowable property tax state refund based on income level; appropriating money to the commissioner of revenue to make grants to nonprofit organizations to coordinate and aid low income taxpayer assistance services ARTICLE 2 - AIDS TO LOCAL GOVERNMENTS Modifying the distribution of local government aid (LGA); specifying a city revenue need minimum; modifying a prior enacted provision relating to city aid base adjustments and increasing the aid base for certain cities; defining small city aid base, city jobs base, and unmet need; reinstating county transition aid at the 2007 level and providing certain funding; modifying prior enacted provisions relating to city formula aid and city aid distribution; increasing the LGA appropriation for 2009 and thereafter for city and county aids and providing certain aid adjustments; [...] show full description
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