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MN SF4862
Bill
Status
3/11/2024
Primary Sponsor
Clare Oumou Verbeten
Click for details
AI Summary
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Amends Minnesota Statutes section 290.01, subdivision 31 to exclude section 530 of Public Law 95-600 from Minnesota's definition of the Internal Revenue Code.
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Specifies that the Internal Revenue Code means the Internal Revenue Code of 1986, as amended through May 1, 2023, plus any uncodified federal law provisions related to IRC provisions incorporated into Minnesota law.
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Section 530 of Public Law 95-600 (relating to employee classification) is explicitly excluded from applying in Minnesota for tax purposes.
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Effective for taxable years beginning after December 31, 2024.
Legislative Description
Certain uncodified provision in federal law that relates to provisions of the Internal Revenue Code does not apply provision
Last Action
Author added Rest
4/4/2024