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MN SF5422

Bill

Official Source

Status

Introduced

4/11/2024

Primary Sponsor

Carla Nelson

Click for details

Origin

Senate

93rd Legislature 2023-2024

AI Summary

  • Reduces Minnesota corporate franchise tax rate from 9.8 percent to 8.25 percent on taxable income.
  • Amends Minnesota Statutes 2022, section 290.06, subdivision 1.
  • Effective for taxable years beginning after December 31, 2023.
  • Introduced by Senator Nelson on April 11, 2024, and referred to the Taxes committee.

Legislative Description

Corporate franchise tax rate reduction provision

Last Action

Referred to Taxes

4/11/2024

Committee Referrals

Taxes4/11/2024

Full Bill Text

No bill text available