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MN SF2780

Bill

Status

Introduced

3/20/2025

Primary Sponsor

John Marty

Click for details

Origin

Senate

94th Legislature 2025-2026

AI Summary

  • Requires the Minnesota Department of Revenue to publicly disclose corporate franchise tax returns, related tax forms, and corporate identities on a website within one month of the start of the third calendar year after a taxable year ends

  • Applies only to corporations with $250 million or more in aggregate gross sales or receipts in a taxable year, including unitary businesses

  • Prohibits disclosure of federal tax returns or federal return information under this provision

  • Effective for information required to be made available beginning in calendar years after December 31, 2025

  • Creates new section 270B.163 in Minnesota Statutes and shields the commissioner from chapter violations for compliance with the disclosure requirements

Legislative Description

Department of Revenue making available certain corporate franchise tax information requirement provision

Last Action

Referred to Taxes

3/20/2025

Committee Referrals

Taxes3/20/2025

Full Bill Text

No bill text available