MN HF3127

Removes the current expiration provision that ties Minnesota's pass-through entity tax (PTE) to the federal SALT deduction cap under Internal Revenue Code section 164(b)(6)(B)

Sets a fixed expiration date for the PTE tax election for taxable years beginning after December 31, 2027, regardless of federal law changes

Applies the same fixed expiration date to the related credit for pass-through entity taxes paid to other states

Preserves the commissioner's authority to audit and assess credits claimed under these provisions even after expiration

Effective the day following final enactment