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MN HF5186

Bill

Official Source

Status

Introduced

4/2/2024

Primary Sponsor

Elliott Engen

Click for details

Origin

House of Representatives

93rd Legislature 2023-2024

AI Summary

  • Reduces the Minnesota corporate franchise tax rate from 9.8 percent to 8.25 percent on taxable income for corporations.
  • Amends Minnesota Statutes 2022, section 290.06, subdivision 1.
  • Effective for taxable years beginning after December 31, 2023.
  • Authored by Representatives Engen, Perryman, Zeleznikar, Skraba, Anderson, P.E., and others.
  • Referred to the Committee on Taxes.

Legislative Description

Corporate franchise tax rate reduced.

Last Action

Introduction and first reading, referred to Taxes

4/2/2024

Committee Referrals

Taxes4/2/2024

Full Bill Text

No bill text available