MN SF4473

Allows qualifying healthcare providers subject to Minnesota provider taxes to claim a credit against taxes imposed under Minnesota Statutes section 295.52 for COVID-19-related expenses incurred between March 13, 2020, and the expiration of COVID-19 executive orders.

Qualifying taxpayers must not have received any state or federal COVID-19 grant or loan funds; qualifying expenses include protective equipment, testing supplies, research costs, staff training, temporary IT systems, medical equipment parts, cleaning supplies, and isolation/quarantine-related costs.

Credit must be claimed on the March 15, 2021, tax return for calendar year 2020, and taxpayers may offset estimated tax payments from June 2020 through January 2021 without penalty for underpayment.

Excess estimated payments over actual tax liability after applying the credit shall be refunded to the taxpayer, with refunds appropriated from the health care access fund.

Effective retroactively for taxes due on gross receipts received between December 31, 2019, and January 1, 2021.