Top Legislation - View All
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-Estate, 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
Also tagged in: Business, Economic Development, Environment, Labor, Employment, and Labor and Industry Department, Local Governments, Real Estate, Taxation, Taxation-Income, Taxation-Property, Taxation-Sales and Use, Taxation-Sales, Motor Vehicles
Latest Action: 03/13/2008 - Introduction and first reading Bill TextRelating to taxation; providing tax incentives for green economy businesses including individual income and corporate franchise taxes, state and local sales and use taxes on qualifying purchases, state and local sales tax on motor vehicles, and certain property tax and job credit allowances; providing for certification of qualified businesses; exempting certain real and personal property in class 3 used primarily in the operation of a certified green business from ad valorem taxes, specifying municipal approval requirements; providing an income tax subtraction for certified green business income; modifying the definition of taxable income; providing for a certified green business job credit; making certain conforming amendments; excluding certified green business income from alternative minimum taxable income; excluding income from a certified green business from alternative minimum taxable income provisions; modifying [...] 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-Estate, 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: 02/01/2007 - Secretary of State Ch. 1 01/30/07 Bill Text
Relating to taxation; conforming certain income, franchise, and property tax
refund provisions for tax year 2006 to the federal teacher expense deduction,
tuition subtraction, and other provisions of the Tax Relief and Health Care Act
of 2006, the Heroes Earned Retirement Opportunity Act, and the Pension
Protection Plan of 2006
(Ch. 1, 2007)
Latest Action: 03/25/2008 - Introduction and first reading Bill Text
Establishing a lifelong learning account program in the department of labor and
industry, specifying commissioner responsibilities and authorizing rulemaking;
allowing lifelong learning accounts income and franchise tax credits to
employees and employers for contributions to lifelong learning accounts,
specifying limits, imposing a special tax on nonqualified withdrawals
(rt)
Latest Action: 02/25/2008 - Introduction and first reading Bill Text
Modifying the corporate franchise tax research credit; allowing a special
research and development credit for corporations, individuals or partnerships
environmental research expenditures
(je)
Latest Action: 03/06/2008 - Comm rpt: To pass as amend & re-ref to Taxes Bill TextTICLE 1 - JOBZ REQUIREMENTS Defining targeted rural opportunity community to include cities or towns with population loss or a higher than average unemployment rate; specifying state review criteria for commissioner of employment and economic development (DEED) approval of business subsidy agreements; requiring job opportunity building zone (JOBZ) business subsidy agreements to comply with certain agreement requirements; requiring written commissioner approval and specifying conditions required for commissioner approval; requiring standard agreement development by the commissioner, local government unit business subsidy reports on progress and public notice and hearing; allowing JOBZ qualified businesses and targeted rural opportunity communities tax benefits treatment the same year of agreement signature and into the future for a certain time period, specifying exclusions; repealing the JOBZ applicant definition show full description
Latest Action: 03/25/2008 - Comm rpt: To pass as amend & re-ref to Taxes Bill Text
1E Allowing an individual income and corporate franchise credit for qualified
taxpayers investments in qualified new high technology businesses
(ra)
Latest Action: 02/21/2008 - Introduction and first reading Bill Text
Providing for an income or franchise tax credit for installation of solar
thermal equipment
(me)
Also tagged in: Business, Colleges and Universities, Data Practices and Privacy, Disasters, Economic Development, Federal Government, Interstate Compacts and Agreements, Local Governments, Omnibus, Pollution and Pollution Control Agency, Revenue Department, Taxation-Gasoline and Special Fuels, Taxation-Gross Premium, Taxation-Income, Taxation-Mortgage Registry and Deed, Taxation-Occupation, Production, Taxation-Omnibus, Taxation-Property, Tobacco Products
Latest Action: 05/07/2008 - HF substituted by motion [HF3149] Bill TextTICLE 1 - AIDS TO LOCAL GOVERNMENTS Modifying the distribution of local government aid (LGA); specifying a city revenue need minimum; modifying the city aid base and increasing the aid base for certain cities; defining small city aid base, city jobs base, out of home placement aid and town aids; modifying county tax base equalization aid and transition aid, city formula aid, city aid distribution, county aids; providing a 2009 aid adjustment; increasing the cities appropriation limit; providing an inflation adjustment for municipal (city) aid and county need aid distributions; providing a distribution of payments in lieu of tax for land included in state parks located on Lake Vermilion; authorizing first class metropolitan cities in receipt of certain excessive aid to expend excess on debt obligations related to public facilities or neighborhood revitalization; requiring a legislative study of local government [...] show full description
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Latest Legislation - View All
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: 03/25/2008 - Introduction and first reading Bill Text
Establishing a lifelong learning account program in the department of labor and
industry, specifying commissioner responsibilities and authorizing rulemaking;
allowing lifelong learning accounts income and franchise tax credits to
employees and employers for contributions to lifelong learning accounts,
specifying limits, imposing a special tax on nonqualified withdrawals
(rt)
Latest Action: 05/10/2007 - Introduction and first reading Bill Text
Modifying the definition of sales from performance of services for regulated
investment companies under the apportionment formula for corporate franchise tax
purposes
(je)
Latest Action: 03/06/2008 - Comm rpt: To pass as amend & re-ref to Taxes Bill TextTICLE 1 - JOBZ REQUIREMENTS Defining targeted rural opportunity community to include cities or towns with population loss or a higher than average unemployment rate; specifying state review criteria for commissioner of employment and economic development (DEED) approval of business subsidy agreements; requiring job opportunity building zone (JOBZ) business subsidy agreements to comply with certain agreement requirements; requiring written commissioner approval and specifying conditions required for commissioner approval; requiring standard agreement development by the commissioner, local government unit business subsidy reports on progress and public notice and hearing; allowing JOBZ qualified businesses and targeted rural opportunity communities tax benefits treatment the same year of agreement signature and into the future for a certain time period, specifying exclusions; repealing the JOBZ applicant definition show full description
Latest Action: 03/25/2008 - Comm rpt: To pass as amend & re-ref to Taxes Bill Text
1E Allowing an individual income and corporate franchise credit for qualified
taxpayers investments in qualified new high technology businesses
(ra)
Latest Action: 03/12/2007 - Introduction and first reading Bill Text
Relating to income and franchise taxes; conforming for tax years 2006 and 2007
certain federal provisions authorizing expensing of certain depreciable assets
(me)
Latest Action: 03/19/2007 - Author added Michel Bill Text
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Latest Action: 01/11/2007 - Introduction and first reading Bill Text
Relating to taxation; conforming certain income, franchise, and property tax
refund provisions for tax year 2006 to the federal teacher expense deduction,
tuition subtraction, and other provisions of the Tax Relief and Health Care Act
of 2006, the Heroes Earned Retirement Opportunity Act, and the Pension
Protection Plan of 2006
(ra)
Latest Action: 01/22/2007 - Introduction and first reading Bill Text
Providing income and corporate franchise tax credit for qualifying investment in
dairy and livestock operations
(ra)
Latest Action: 02/08/2007 - Comm rpt: To pass and re-referred to Taxes Bill Text
Providing income and corporate franchise tax credit for qualifying investment in
dairy operations
(je)
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