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MN HF3769

Bill

Status

Passed

4/8/2024

Primary Sponsor

Dave Lislegard

Click for details

Origin

House of Representatives

93rd Legislature 2023-2024

AI Summary

HF 3769 Summary

  • Modifies the effective date of a net operating loss (NOL) deduction limitation reduction for corporate franchise tax purposes under Laws 2023, chapter 64, article 1, section 44

  • Changes the effective date from taxable years beginning after December 31, 2022 to taxable years beginning after December 31, 2023

  • Applies the change retroactively to taxable years beginning after December 31, 2022

  • Referred to the House Committee on Taxes

Legislative Description

Corporate franchise tax provisions modified, and effective date modified of a reduction in the limitation on the deductibility of net operating losses.

Last Action

Secretary of State Chapter 82

4/8/2024

Committee Referrals

Rules and Administration3/20/2024
Ways and Means3/11/2024
Taxes2/14/2024

Full Bill Text

No bill text available