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MN HF4513
Bill
Status
3/4/2024
Primary Sponsor
Emma Greenman
Click for details
AI Summary
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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.
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Applies only to corporations with $250,000,000 or more in aggregate gross sales or receipts in a taxable year, including unitary businesses.
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Prohibits disclosure of federal tax returns or federal return information under this requirement.
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Protects the commissioner from violating state law by complying with this disclosure requirement.
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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