MN SF4661

Imposes a five percent surcharge on net pollution control income for corporations and a five percent surcharge on net pollution control income for individuals, trusts, and estates.

Defines "pollution control business" as any person certified by the Minnesota Pollution Control Agency commissioner as having at least one delinquent pollution control violation.

Requires the Minnesota Pollution Control Agency commissioner to notify violators of pollution control violations, specify remedial actions required, and provide a time period for completion.

Allows violators to avoid the surcharge if they satisfactorily remedy violations within the specified time period; applies surcharge for the taxable year in which a delinquency notice is issued if violations are not remedied.

Effective for taxable years beginning after December 31, 2023, with the Minnesota Pollution Control Agency required to certify delinquent violators to the revenue commissioner by January 31 each year, beginning January 31, 2025.