MN HF3955

Imposes an additional tax on entities subject to Minnesota corporate tax that own or operate large retail stores in the state, effective for taxable years beginning after December 31, 2016.

Defines "large retail store" as a stand-alone retail establishment with at least 50,000 square feet of retail space, no more than two stories, and an adjacent privately owned parking lot of 50,000 square feet or more; also includes qualifying mall tenants with at least 50,000 square feet occupying at least 25 percent of mall retail space.

Excludes automobile dealers, motor vehicle dealers, and nonstore retailers from the tax definition of retail establishments.

Tax rate applies to retail space in excess of 50,000 square feet at a rate of $...... per 10,000 square feet or portion thereof, and to parking space in excess of 50,000 square feet at a rate of $...... per 10,000 square feet or portion thereof (specific dollar amounts left blank in bill).

Unpaid taxes create a lien against the property in the same manner as ad valorem property taxes; for leased stores, the tax is a joint and several liability of the owner and operator-lessee.