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MN SF2780
Bill
Status
3/20/2025
Primary Sponsor
John Marty
Click for details
AI Summary
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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
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Applies only to corporations with $250 million or more in aggregate gross sales or receipts in a taxable year, including unitary businesses
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Prohibits disclosure of federal tax returns or federal return information under this provision
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Effective for information required to be made available beginning in calendar years after December 31, 2025
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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