MN SF2002

Amends Minnesota Statutes section 290.01, subdivision 19a to conform state tax law to changes in the federal Internal Revenue Code, effective the day following final enactment.

Changes the taxable year limitation in clause (21) from "before January 1, 2013" to "before January 1, 2012" for the standard deduction adjustment calculation.

Requires the Commissioner of Revenue to calculate and issue refunds for tax year 2011 only to taxpayers who paid extra taxes due to standard deduction changes made under Laws 2011, First Special Session chapter 7, article 2.

Refunds must account for overpayments by standard deduction filers, itemizers with reduced state tax add-backs, and marriage credit recipients affected by the 2011 law changes.

Commissioner must remit all refunds by December 31, 2013.