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MN HF4513

Bill

Status

Introduced

3/4/2024

Primary Sponsor

Emma Greenman

Click for details

Origin

House of Representatives

93rd Legislature 2023-2024

AI Summary

  • Requires the Department of Revenue to make corporate franchise tax returns, related forms, and corporate identity information publicly available on a website within one month of the first day of the third calendar year following a corporation's taxable year.

  • Applies only to corporations with $250,000,000 or more in aggregate gross sales or receipts in a taxable year, including unitary businesses.

  • Prohibits disclosure of federal tax returns or federal return information under this requirement.

  • Protects the commissioner from violating state law by complying with this disclosure requirement.

  • Effective for information required to be made available in calendar years beginning after December 31, 2024.

Legislative Description

Department of Revenue required to make corporate franchise tax information available.

Last Action

Author added Kotyza-Witthuhn

4/30/2024

Committee Referrals

Taxes3/4/2024

Full Bill Text

No bill text available