Loading chat...

MN SF3668

Bill

Official Source

Status

Introduced

3/21/2018

Primary Sponsor

Scott Jensen

Click for details

Origin

Senate

90th Legislature 2017-2018

AI Summary

  • Reduces the corporate franchise tax rate from 9.8 percent to 8.8 percent on taxable income, effective for taxable years beginning after December 31, 2017
  • Reduces the alternative minimum tax rate on corporations from 5.8 percent to 5.2 percent of Minnesota alternative minimum taxable income, effective for taxable years beginning after December 31, 2017
  • Amends Minnesota Statutes sections 290.06 and 290.0921 to implement the rate reductions
  • Referred to the Senate Taxes Committee

Legislative Description

Corporate franchise tax rate reduction

Last Action

Referred to Taxes

3/21/2018

Committee Referrals

Taxes3/21/2018

Full Bill Text

No bill text available