MN SF951

Reduces Minnesota's corporate franchise tax rate from 9.8% to 8.8% over three years: 9.3% in 2025, 9.05% in 2026, and 8.8% beginning in 2027

Reduces the corporate alternative minimum tax rate from 5.8% to 5.2% over the same three-year period: 5.5% in 2025, 5.35% in 2026, and 5.2% beginning in 2027

Both rate reductions are effective for taxable years beginning after December 31, 2024

Amends Minnesota Statutes sections 290.06 (franchise tax computation) and 290.0921 (alternative minimum tax)