MN SF2893

Updates Minnesota's incorporation of the Internal Revenue Code from December 15, 2022 to March 1, 2023 across multiple tax statutes (289A.02, 290.01, 290A.03, and 291.005).

Changes apply to income tax, estate tax, and property tax refund provisions by adopting federal tax law changes effective as of March 1, 2023.

All amendments are effective the day following final enactment, with federal changes incorporated retroactively at the same time they became effective for federal tax purposes.

Property tax refund amendments become effective beginning with refunds based on rent paid in 2023 and property taxes payable in 2024.

Includes clarification that Internal Revenue Code references encompass uncodified provisions in federal law that relate to incorporated Internal Revenue Code sections.