Bill Text: MN HF1496 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Job opportunity building zone (JOBZ) program repealed.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Introduced - Dead) 2011-04-26 - Authors added Lenczewski and Dittrich [HF1496 Detail]
Download: Minnesota-2011-HF1496-Introduced.html
1.2relating to taxation; repealing the job opportunity building zone program;
1.3amending Minnesota Statutes 2010, sections 270B.14, subdivision 3; 290.01,
1.4subdivisions 19b, 29; 290.091, subdivision 2; 290.0921, subdivision 3; 290.0922,
1.5subdivisions 2, 3; 297B.03; repealing Minnesota Statutes 2010, sections 272.02,
1.6subdivision 64; 272.029, subdivision 7; 289A.12, subdivision 15; 290.06,
1.7subdivision 29; 297A.68, subdivision 37; 469.310; 469.311; 469.312; 469.313;
1.8469.314; 469.315; 469.316; 469.317; 469.318; 469.319; 469.3191; 469.3192;
1.9469.3193; 469.3201.
1.10BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.11 Section 1. Minnesota Statutes 2010, section 270B.14, subdivision 3, is amended to read:
1.12 Subd. 3. Administration of enterprise, job opportunity, and biotechnology
1.13and health sciences industry zone programs. The commissioner may disclose return
1.14information relating to the taxes imposed by chapters 290 and 297A to the Department
1.15of Employment and Economic Development or a municipality receiving an enterprise
1.16zone designation under section469.169 but only as necessary to administer the funding
1.17limitations under section469.169, subdivision 7 , or to the Department of Employment
1.18and Economic Development and appropriate officials from the local government units in
1.19which a qualified business is located but only as necessary to enforcethe job opportunity
1.20building zone benefits under section
469.315, or biotechnology and health sciences
1.21industry zone benefits under section469.336 .
1.22EFFECTIVE DATE.This section is effective for tax benefits provided after
1.23December 31, 2011.
1.24 Sec. 2. Minnesota Statutes 2010, section 290.01, subdivision 19b, is amended to read:
2.1 Subd. 19b. Subtractions from federal taxable income. For individuals, estates,
2.2and trusts, there shall be subtracted from federal taxable income:
2.3 (1) net interest income on obligations of any authority, commission, or
2.4instrumentality of the United States to the extent includable in taxable income for federal
2.5income tax purposes but exempt from state income tax under the laws of the United States;
2.6 (2) if included in federal taxable income, the amount of any overpayment of income
2.7tax to Minnesota or to any other state, for any previous taxable year, whether the amount
2.8is received as a refund or as a credit to another taxable year's income tax liability;
2.9 (3) the amount paid to others, less the amount used to claim the credit allowed under
2.10section290.0674 , not to exceed $1,625 for each qualifying child in grades kindergarten
2.11to 6 and $2,500 for each qualifying child in grades 7 to 12, for tuition, textbooks, and
2.12transportation of each qualifying child in attending an elementary or secondary school
2.13situated in Minnesota, North Dakota, South Dakota, Iowa, or Wisconsin, wherein a
2.14resident of this state may legally fulfill the state's compulsory attendance laws, which
2.15is not operated for profit, and which adheres to the provisions of the Civil Rights Act
2.16of 1964 and chapter 363A. For the purposes of this clause, "tuition" includes fees or
2.17tuition as defined in section290.0674, subdivision 1 , clause (1). As used in this clause,
2.18"textbooks" includes books and other instructional materials and equipment purchased
2.19or leased for use in elementary and secondary schools in teaching only those subjects
2.20legally and commonly taught in public elementary and secondary schools in this state.
2.21Equipment expenses qualifying for deduction includes expenses as defined and limited in
2.22section290.0674, subdivision 1 , clause (3). "Textbooks" does not include instructional
2.23books and materials used in the teaching of religious tenets, doctrines, or worship, the
2.24purpose of which is to instill such tenets, doctrines, or worship, nor does it include books
2.25or materials for, or transportation to, extracurricular activities including sporting events,
2.26musical or dramatic events, speech activities, driver's education, or similar programs. No
2.27deduction is permitted for any expense the taxpayer incurred in using the taxpayer's or
2.28the qualifying child's vehicle to provide such transportation for a qualifying child. For
2.29purposes of the subtraction provided by this clause, "qualifying child" has the meaning
2.30given in section 32(c)(3) of the Internal Revenue Code;
2.31 (4) income as provided under section290.0802 ;
2.32 (5) to the extent included in federal adjusted gross income, income realized on
2.33disposition of property exempt from tax under section290.491 ;
2.34 (6) to the extent not deducted or not deductible pursuant to section 408(d)(8)(E)
2.35of the Internal Revenue Code in determining federal taxable income by an individual
2.36who does not itemize deductions for federal income tax purposes for the taxable year, an
3.1amount equal to 50 percent of the excess of charitable contributions over $500 allowable
3.2as a deduction for the taxable year under section 170(a) of the Internal Revenue Code,
3.3under the provisions of Public Law 109-1 and Public Law 111-126;
3.4 (7) for individuals who are allowed a federal foreign tax credit for taxes that do not
3.5qualify for a credit under section290.06, subdivision 22 , an amount equal to the carryover
3.6of subnational foreign taxes for the taxable year, but not to exceed the total subnational
3.7foreign taxes reported in claiming the foreign tax credit. For purposes of this clause,
3.8"federal foreign tax credit" means the credit allowed under section 27 of the Internal
3.9Revenue Code, and "carryover of subnational foreign taxes" equals the carryover allowed
3.10under section 904(c) of the Internal Revenue Code minus national level foreign taxes to
3.11the extent they exceed the federal foreign tax credit;
3.12 (8) in each of the five tax years immediately following the tax year in which an
3.13addition is required under subdivision 19a, clause (7), or 19c, clause (15), in the case
3.14of a shareholder of a corporation that is an S corporation, an amount equal to one-fifth
3.15of the delayed depreciation. For purposes of this clause, "delayed depreciation" means
3.16the amount of the addition made by the taxpayer under subdivision 19a, clause (7), or
3.17subdivision 19c, clause (15), in the case of a shareholder of an S corporation, minus the
3.18positive value of any net operating loss under section 172 of the Internal Revenue Code
3.19generated for the tax year of the addition. The resulting delayed depreciation cannot be
3.20less than zero;
3.21 (9)job opportunity building zone income as provided under section
469.316;
3.22(10) to the extent included in federal taxable income, the amount of compensation
3.23paid to members of the Minnesota National Guard or other reserve components of the
3.24United States military for active service performed in Minnesota, excluding compensation
3.25for services performed under the Active Guard Reserve (AGR) program. For purposes of
3.26this clause, "active service" means (i) state active service as defined in section190.05,
3.27subdivision 5a , clause (1); (ii) federally funded state active service as defined in section
3.28190.05, subdivision 5b
; or (iii) federal active service as defined in section
190.05,
3.29subdivision 5c , but "active service" excludes service performed in accordance with section
3.30190.08, subdivision 3
;
3.31(11) (10) to the extent included in federal taxable income, the amount of
3.32compensation paid to Minnesota residents who are members of the armed forces of the
3.33United States or United Nations for active duty performed outside Minnesota under United
3.34States Code, title 10, section 101(d); United States Code, title 32, section 101(12); or the
3.35authority of the United Nations;
4.1(12) (11) an amount, not to exceed $10,000, equal to qualified expenses related to a
4.2qualified donor's donation, while living, of one or more of the qualified donor's organs
4.3to another person for human organ transplantation. For purposes of this clause, "organ"
4.4means all or part of an individual's liver, pancreas, kidney, intestine, lung, or bone marrow;
4.5"human organ transplantation" means the medical procedure by which transfer of a human
4.6organ is made from the body of one person to the body of another person; "qualified
4.7expenses" means unreimbursed expenses for both the individual and the qualified donor
4.8for (i) travel, (ii) lodging, and (iii) lost wages net of sick pay, except that such expenses
4.9may be subtracted under this clause only once; and "qualified donor" means the individual
4.10or the individual's dependent, as defined in section 152 of the Internal Revenue Code. An
4.11individual may claim the subtraction in this clause for each instance of organ donation for
4.12transplantation during the taxable year in which the qualified expenses occur;
4.13(13) (12) in each of the five tax years immediately following the tax year in which an
4.14addition is required under subdivision 19a, clause (8), or 19c, clause (16), in the case of a
4.15shareholder of a corporation that is an S corporation, an amount equal to one-fifth of the
4.16addition made by the taxpayer under subdivision 19a, clause (8), or 19c, clause (16), in the
4.17case of a shareholder of a corporation that is an S corporation, minus the positive value of
4.18any net operating loss under section 172 of the Internal Revenue Code generated for the
4.19tax year of the addition. If the net operating loss exceeds the addition for the tax year, a
4.20subtraction is not allowed under this clause;
4.21(14) (13) to the extent included in federal taxable income, compensation paid to a
4.22service member as defined in United States Code, title 10, section 101(a)(5), for military
4.23service as defined in the Servicemembers Civil Relief Act, Public Law 108-189, section
4.24101(2);
4.25(15) (14) international economic development zone income as provided under
4.26section469.325 ;
4.27(16) (15) to the extent included in federal taxable income, the amount of national
4.28service educational awards received from the National Service Trust under United States
4.29Code, title 42, sections 12601 to 12604, for service in an approved Americorps National
4.30Service program; and
4.31(17) (16) to the extent included in federal taxable income, discharge of indebtedness
4.32income resulting from reacquisition of business indebtedness included in federal taxable
4.33income under section 108(i) of the Internal Revenue Code. This subtraction applies only
4.34to the extent that the income was included in net income in a prior year as a result of the
4.35addition under section290.01, subdivision 19a , clause (16).
5.1EFFECTIVE DATE.This section is effective for taxable years beginning after
5.2December 31, 2011.
5.3 Sec. 3. Minnesota Statutes 2010, section 290.01, subdivision 29, is amended to read:
5.4 Subd. 29. Taxable income. The term "taxable income" means:
5.5(1) for individuals, estates, and trusts, the same as taxable net income;
5.6(2) for corporations, the taxable net income less
5.7(i) the net operating loss deduction under section290.095 ;
5.8(ii) the dividends received deduction under section290.21, subdivision 4 ;
5.9(iii)the exemption for operating in a job opportunity building zone under section
5.10469.317;
5.11(iv) the exemption for operating in a biotechnology and health sciences industry
5.12zone under section469.337 ; and
5.13(v) (iv) the exemption for operating in an international economic development
5.14zone under section469.326 .
5.15EFFECTIVE DATE.This section is effective for taxable years beginning after
5.16December 31, 2011.
5.17 Sec. 4. Minnesota Statutes 2010, section 290.091, subdivision 2, is amended to read:
5.18 Subd. 2. Definitions. For purposes of the tax imposed by this section, the following
5.19terms have the meanings given:
5.20 (a) "Alternative minimum taxable income" means the sum of the following for
5.21the taxable year:
5.22 (1) the taxpayer's federal alternative minimum taxable income as defined in section
5.2355(b)(2) of the Internal Revenue Code;
5.24 (2) the taxpayer's itemized deductions allowed in computing federal alternative
5.25minimum taxable income, but excluding:
5.26 (i) the charitable contribution deduction under section 170 of the Internal Revenue
5.27Code;
5.28 (ii) the medical expense deduction;
5.29 (iii) the casualty, theft, and disaster loss deduction; and
5.30 (iv) the impairment-related work expenses of a disabled person;
5.31 (3) for depletion allowances computed under section 613A(c) of the Internal
5.32Revenue Code, with respect to each property (as defined in section 614 of the Internal
5.33Revenue Code), to the extent not included in federal alternative minimum taxable income,
5.34the excess of the deduction for depletion allowable under section 611 of the Internal
6.1Revenue Code for the taxable year over the adjusted basis of the property at the end of the
6.2taxable year (determined without regard to the depletion deduction for the taxable year);
6.3 (4) to the extent not included in federal alternative minimum taxable income, the
6.4amount of the tax preference for intangible drilling cost under section 57(a)(2) of the
6.5Internal Revenue Code determined without regard to subparagraph (E);
6.6 (5) to the extent not included in federal alternative minimum taxable income, the
6.7amount of interest income as provided by section290.01, subdivision 19a , clause (1); and
6.8 (6) the amount of addition required by section290.01, subdivision 19a , clauses (7)
6.9to (9), (12), (13), (16), and (17);
6.10 less the sum of the amounts determined under the following:
6.11 (1) interest income as defined in section290.01, subdivision 19b , clause (1);
6.12 (2) an overpayment of state income tax as provided by section290.01, subdivision
6.1319b , clause (2), to the extent included in federal alternative minimum taxable income;
6.14 (3) the amount of investment interest paid or accrued within the taxable year on
6.15indebtedness to the extent that the amount does not exceed net investment income, as
6.16defined in section 163(d)(4) of the Internal Revenue Code. Interest does not include
6.17amounts deducted in computing federal adjusted gross income; and
6.18 (4) amounts subtracted from federal taxable income as provided by section290.01,
6.19subdivision 19b , clauses (6), (8) to (15) (14), and (17) (16).
6.20 In the case of an estate or trust, alternative minimum taxable income must be
6.21computed as provided in section 59(c) of the Internal Revenue Code.
6.22 (b) "Investment interest" means investment interest as defined in section 163(d)(3)
6.23of the Internal Revenue Code.
6.24 (c) "Net minimum tax" means the minimum tax imposed by this section.
6.25 (d) "Regular tax" means the tax that would be imposed under this chapter (without
6.26regard to this section and section 290.032), reduced by the sum of the nonrefundable
6.27credits allowed under this chapter.
6.28 (e) "Tentative minimum tax" equals 6.4 percent of alternative minimum taxable
6.29income after subtracting the exemption amount determined under subdivision 3.
6.30EFFECTIVE DATE.This section is effective for taxable years beginning after
6.31December 31, 2011.
6.32 Sec. 5. Minnesota Statutes 2010, section 290.0921, subdivision 3, is amended to read:
6.33 Subd. 3. Alternative minimum taxable income. "Alternative minimum taxable
6.34income" is Minnesota net income as defined in section290.01, subdivision 19 , and
6.35includes the adjustments and tax preference items in sections 56, 57, 58, and 59(d), (e),
7.1(f), and (h) of the Internal Revenue Code. If a corporation files a separate company
7.2Minnesota tax return, the minimum tax must be computed on a separate company basis.
7.3If a corporation is part of a tax group filing a unitary return, the minimum tax must be
7.4computed on a unitary basis. The following adjustments must be made.
7.5(1) For purposes of the depreciation adjustments under section 56(a)(1) and
7.656(g)(4)(A) of the Internal Revenue Code, the basis for depreciable property placed in
7.7service in a taxable year beginning before January 1, 1990, is the adjusted basis for federal
7.8income tax purposes, including any modification made in a taxable year under section
7.9290.01, subdivision 19e
, or Minnesota Statutes 1986, section
290.09, subdivision 7 ,
7.10paragraph (c).
7.11For taxable years beginning after December 31, 2000, the amount of any remaining
7.12modification made under section290.01, subdivision 19e , or Minnesota Statutes 1986,
7.13section290.09, subdivision 7 , paragraph (c), not previously deducted is a depreciation
7.14allowance in the first taxable year after December 31, 2000.
7.15(2) The portion of the depreciation deduction allowed for federal income tax
7.16purposes under section 168(k) of the Internal Revenue Code that is required as an
7.17addition under section290.01, subdivision 19c , clause (15), is disallowed in determining
7.18alternative minimum taxable income.
7.19(3) The subtraction for depreciation allowed under section290.01, subdivision 19d ,
7.20clause (17), is allowed as a depreciation deduction in determining alternative minimum
7.21taxable income.
7.22(4) The alternative tax net operating loss deduction under sections 56(a)(4) and 56(d)
7.23of the Internal Revenue Code does not apply.
7.24(5) The special rule for certain dividends under section 56(g)(4)(C)(ii) of the Internal
7.25Revenue Code does not apply.
7.26(6) The special rule for dividends from section 936 companies under section
7.2756(g)(4)(C)(iii) does not apply.
7.28(7) The tax preference for depletion under section 57(a)(1) of the Internal Revenue
7.29Code does not apply.
7.30(8) The tax preference for intangible drilling costs under section 57(a)(2) of the
7.31Internal Revenue Code must be calculated without regard to subparagraph (E) and the
7.32subtraction under section290.01, subdivision 19d , clause (4).
7.33(9) The tax preference for tax exempt interest under section 57(a)(5) of the Internal
7.34Revenue Code does not apply.
7.35(10) The tax preference for charitable contributions of appreciated property under
7.36section 57(a)(6) of the Internal Revenue Code does not apply.
8.1(11) For purposes of calculating the tax preference for accelerated depreciation or
8.2amortization on certain property placed in service before January 1, 1987, under section
8.357(a)(7) of the Internal Revenue Code, the deduction allowable for the taxable year is the
8.4deduction allowed under section290.01, subdivision 19e .
8.5For taxable years beginning after December 31, 2000, the amount of any remaining
8.6modification made under section290.01, subdivision 19e , not previously deducted is a
8.7depreciation or amortization allowance in the first taxable year after December 31, 2004.
8.8(12) For purposes of calculating the adjustment for adjusted current earnings in
8.9section 56(g) of the Internal Revenue Code, the term "alternative minimum taxable
8.10income" as it is used in section 56(g) of the Internal Revenue Code, means alternative
8.11minimum taxable income as defined in this subdivision, determined without regard to the
8.12adjustment for adjusted current earnings in section 56(g) of the Internal Revenue Code.
8.13(13) For purposes of determining the amount of adjusted current earnings under
8.14section 56(g)(3) of the Internal Revenue Code, no adjustment shall be made under section
8.1556(g)(4) of the Internal Revenue Code with respect to (i) the amount of foreign dividend
8.16gross-up subtracted as provided in section290.01, subdivision 19d , clause (1), (ii) the
8.17amount of refunds of income, excise, or franchise taxes subtracted as provided in section
8.18290.01, subdivision 19d
, clause (9), or (iii) the amount of royalties, fees or other like
8.19income subtracted as provided in section290.01, subdivision 19d , clause (10).
8.20(14)Alternative minimum taxable income excludes the income from operating in a
8.21job opportunity building zone as provided under section
469.317.
8.22(15) Alternative minimum taxable income excludes the income from operating in a
8.23biotechnology and health sciences industry zone as provided under section469.337 .
8.24(16) (15) Alternative minimum taxable income excludes the income from operating
8.25in an international economic development zone as provided under section469.326 .
8.26Items of tax preference must not be reduced below zero as a result of the
8.27modifications in this subdivision.
8.28EFFECTIVE DATE.This section is effective for taxable years beginning after
8.29December 31, 2011.
8.30 Sec. 6. Minnesota Statutes 2010, section 290.0922, subdivision 2, is amended to read:
8.31 Subd. 2. Exemptions. The following entities are exempt from the tax imposed
8.32by this section:
8.33(1) corporations exempt from tax under section290.05 ;
8.34(2) real estate investment trusts;
8.35(3) regulated investment companies or a fund thereof; and
9.1(4) entities having a valid election in effect under section 860D(b) of the Internal
9.2Revenue Code;
9.3(5) town and farmers' mutual insurance companies;
9.4(6) cooperatives organized under chapter 308A or 308B that provide housing
9.5exclusively to persons age 55 and over and are classified as homesteads under section
9.6273.124, subdivision 3
; and
9.7(7)an entity, if for the taxable year all of its property is located in a job opportunity
9.8building zone designated under section
469.314 and all of its payroll is a job opportunity
9.9building zone payroll under section
469.310; and
9.10(8) an entity, if for the taxable year all of its property is located in an international
9.11economic development zone designated under section469.322 , and all of its payroll is
9.12international economic development zone payroll under section469.321 . The exemption
9.13under this clause applies to taxable years beginning during the duration of the international
9.14economic development zone.
9.15Entities not specifically exempted by this subdivision are subject to tax under this
9.16section, notwithstanding section290.05 .
9.17EFFECTIVE DATE.This section is effective for taxable years beginning after
9.18December 31, 2011.
9.19 Sec. 7. Minnesota Statutes 2010, section 290.0922, subdivision 3, is amended to read:
9.20 Subd. 3. Definitions. (a) "Minnesota sales or receipts" means the total sales
9.21apportioned to Minnesota pursuant to section290.191, subdivision 5 , the total receipts
9.22attributed to Minnesota pursuant to section290.191, subdivisions 6 to 8 , and/or the
9.23total sales or receipts apportioned or attributed to Minnesota pursuant to any other
9.24apportionment formula applicable to the taxpayer.
9.25(b) "Minnesota property" means total Minnesota tangible property as provided in
9.26section290.191, subdivisions 9 to 11 , any other tangible property located in Minnesota,
9.27but does not include: (1)property located in a job opportunity building zone designated
9.28under section
469.314, (2) property of a qualified business located in a biotechnology and
9.29health sciences industry zone designated under section469.334 , or (3) (2) for taxable years
9.30beginning during the duration of the zone, property of a qualified business located in the
9.31international economic development zone designated under section469.322 . Intangible
9.32property shall not be included in Minnesota property for purposes of this section.
9.33Taxpayers who do not utilize tangible property to apportion income shall nevertheless
9.34include Minnesota property for purposes of this section. On a return for a short taxable
9.35year, the amount of Minnesota property owned, as determined under section290.191 ,
10.1shall be included in Minnesota property based on a fraction in which the numerator is the
10.2number of days in the short taxable year and the denominator is 365.
10.3(c) "Minnesota payrolls" means total Minnesota payrolls as provided in section
10.4290.191, subdivision 12
, but does not include: (1) job opportunity building zone payrolls
10.5under section
469.310, subdivision 8, (2) biotechnology and health sciences industry zone
10.6payrolls under section469.330, subdivision 8 , or (3) (2) for taxable years beginning during
10.7the duration of the zone, international economic development zone payrolls under section
10.8469.321, subdivision 9
. Taxpayers who do not utilize payrolls to apportion income shall
10.9nevertheless include Minnesota payrolls for purposes of this section.
10.10EFFECTIVE DATE.This section is effective for taxable years beginning after
10.11December 31, 2011.
10.12 Sec. 8. Minnesota Statutes 2010, section 297B.03, is amended to read:
10.13297B.03 EXEMPTIONS.
10.14 There is specifically exempted from the provisions of this chapter and from
10.15computation of the amount of tax imposed by it the following:
10.16 (1) purchase or use, including use under a lease purchase agreement or installment
10.17sales contract made pursuant to section465.71 , of any motor vehicle by the United States
10.18and its agencies and instrumentalities and by any person described in and subject to the
10.19conditions provided in section297A.67, subdivision 11 ;
10.20 (2) purchase or use of any motor vehicle by any person who was a resident of
10.21another state or country at the time of the purchase and who subsequently becomes a
10.22resident of Minnesota, provided the purchase occurred more than 60 days prior to the date
10.23such person began residing in the state of Minnesota and the motor vehicle was registered
10.24in the person's name in the other state or country;
10.25 (3) purchase or use of any motor vehicle by any person making a valid election to be
10.26taxed under the provisions of section297A.90 ;
10.27 (4) purchase or use of any motor vehicle previously registered in the state of
10.28Minnesota when such transfer constitutes a transfer within the meaning of section 118,
10.29331, 332, 336, 337, 338, 351, 355, 368, 721, 731, 1031, 1033, or 1563(a) of the Internal
10.30Revenue Code;
10.31 (5) purchase or use of any vehicle owned by a resident of another state and leased
10.32to a Minnesota-based private or for-hire carrier for regular use in the transportation of
10.33persons or property in interstate commerce provided the vehicle is titled in the state of
11.1the owner or secured party, and that state does not impose a sales tax or sales tax on
11.2motor vehicles used in interstate commerce;
11.3 (6) purchase or use of a motor vehicle by a private nonprofit or public educational
11.4institution for use as an instructional aid in automotive training programs operated by the
11.5institution. "Automotive training programs" includes motor vehicle body and mechanical
11.6repair courses but does not include driver education programs;
11.7 (7) purchase of a motor vehicle for use as an ambulance by an ambulance service
11.8licensed under section144E.10 ;
11.9 (8) purchase of a motor vehicle by or for a public library, as defined in section
11.10134.001, subdivision 2
, as a bookmobile or library delivery vehicle;
11.11 (9) purchase of a ready-mixed concrete truck;
11.12 (10) purchase or use of a motor vehicle by a town for use exclusively for road
11.13maintenance, including snowplows and dump trucks, but not including automobiles,
11.14vans, or pickup trucks;
11.15 (11) purchase or use of a motor vehicle by a corporation, society, association,
11.16foundation, or institution organized and operated exclusively for charitable, religious,
11.17or educational purposes, except a public school, university, or library, but only if the
11.18vehicle is:
11.19 (i) a truck, as defined in section168.002 , a bus, as defined in section
168.002 , or a
11.20passenger automobile, as defined in section168.002 , if the automobile is designed and
11.21used for carrying more than nine persons including the driver; and
11.22 (ii) intended to be used primarily to transport tangible personal property or
11.23individuals, other than employees, to whom the organization provides service in
11.24performing its charitable, religious, or educational purpose;
11.25 (12) purchase of a motor vehicle for use by a transit provider exclusively to provide
11.26transit service is exempt if the transit provider is either (i) receiving financial assistance or
11.27reimbursement under section174.24 or
473.384 , or (ii) operating under section
174.29 ,
11.28473.388
, or
473.405 ; and
11.29 (13)purchase or use of a motor vehicle by a qualified business, as defined in section
11.30469.310, located in a job opportunity building zone, if the motor vehicle is principally
11.31garaged in the job opportunity building zone and is primarily used as part of or in direct
11.32support of the person's operations carried on in the job opportunity building zone. The
11.33exemption under this clause applies to sales, if the purchase was made and delivery
11.34received during the duration of the job opportunity building zone. The exemption under
11.35this clause also applies to any local sales and use tax; and
12.1(14) purchase of a leased vehicle by the lessee who was a participant in a
12.2lease-to-own program from a charitable organization that is:
12.3 (i) described in section 501(c)(3) of the Internal Revenue Code; and
12.4 (ii) licensed as a motor vehicle lessor under section168.27, subdivision 4 .
12.5EFFECTIVE DATE.This section is effective for sales and purchases made after
12.6December 31, 2011.
12.7 Sec. 9. REPEALER.
12.8(a) Minnesota Statutes 2010, sections 272.02, subdivision 64; and 272.029,
12.9subdivision 7, are repealed.
12.10(b) Minnesota Statutes 2010, section 289A.12, subdivision 15, is repealed.
12.11(c) Minnesota Statutes 2010, sections 290.06, subdivision 29; 469.316; 469.317;
12.12and 469.318, are repealed.
12.13(d) Minnesota Statutes 2010, section 297A.68, subdivision 37, is repealed.
12.14(e) Minnesota Statutes 2010, sections 469.310; 469.311; 469.312; 469.313; 469.314;
12.15469.315; 469.3191; 469.3192; 469.3193; and 469.3201, are repealed.
12.16(f) Minnesota Statutes 2010, section 469.319, is repealed.
12.17EFFECTIVE DATE.Paragraph (a) is effective beginning for property taxes
12.18assessed in 2011, payable in 2012.
12.19Paragraph (b) is effective January 1, 2013.
12.20Paragraph (c) is effective for taxable years beginning after December 31, 2011.
12.21Paragraph (d) is effective for sales and purchases made after December 31, 2011.
12.22Paragraph (e) is effective January 1, 2012.
12.23Paragraph (f) is effective for violations of business subsidy agreements occurring
12.24after January 1, 2012.
1.3amending Minnesota Statutes 2010, sections 270B.14, subdivision 3; 290.01,
1.4subdivisions 19b, 29; 290.091, subdivision 2; 290.0921, subdivision 3; 290.0922,
1.5subdivisions 2, 3; 297B.03; repealing Minnesota Statutes 2010, sections 272.02,
1.6subdivision 64; 272.029, subdivision 7; 289A.12, subdivision 15; 290.06,
1.7subdivision 29; 297A.68, subdivision 37; 469.310; 469.311; 469.312; 469.313;
1.8469.314; 469.315; 469.316; 469.317; 469.318; 469.319; 469.3191; 469.3192;
1.9469.3193; 469.3201.
1.10BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.11 Section 1. Minnesota Statutes 2010, section 270B.14, subdivision 3, is amended to read:
1.12 Subd. 3. Administration of enterprise
1.13and health sciences industry zone programs. The commissioner may disclose return
1.14information relating to the taxes imposed by chapters 290 and 297A to the Department
1.15of Employment and Economic Development or a municipality receiving an enterprise
1.16zone designation under section
1.17limitations under section
1.18and Economic Development and appropriate officials from the local government units in
1.19which a qualified business is located but only as necessary to enforce
1.20
1.21industry zone benefits under section
1.22EFFECTIVE DATE.This section is effective for tax benefits provided after
1.23December 31, 2011.
1.24 Sec. 2. Minnesota Statutes 2010, section 290.01, subdivision 19b, is amended to read:
2.1 Subd. 19b. Subtractions from federal taxable income. For individuals, estates,
2.2and trusts, there shall be subtracted from federal taxable income:
2.3 (1) net interest income on obligations of any authority, commission, or
2.4instrumentality of the United States to the extent includable in taxable income for federal
2.5income tax purposes but exempt from state income tax under the laws of the United States;
2.6 (2) if included in federal taxable income, the amount of any overpayment of income
2.7tax to Minnesota or to any other state, for any previous taxable year, whether the amount
2.8is received as a refund or as a credit to another taxable year's income tax liability;
2.9 (3) the amount paid to others, less the amount used to claim the credit allowed under
2.10section
2.11to 6 and $2,500 for each qualifying child in grades 7 to 12, for tuition, textbooks, and
2.12transportation of each qualifying child in attending an elementary or secondary school
2.13situated in Minnesota, North Dakota, South Dakota, Iowa, or Wisconsin, wherein a
2.14resident of this state may legally fulfill the state's compulsory attendance laws, which
2.15is not operated for profit, and which adheres to the provisions of the Civil Rights Act
2.16of 1964 and chapter 363A. For the purposes of this clause, "tuition" includes fees or
2.17tuition as defined in section
2.18"textbooks" includes books and other instructional materials and equipment purchased
2.19or leased for use in elementary and secondary schools in teaching only those subjects
2.20legally and commonly taught in public elementary and secondary schools in this state.
2.21Equipment expenses qualifying for deduction includes expenses as defined and limited in
2.22section
2.23books and materials used in the teaching of religious tenets, doctrines, or worship, the
2.24purpose of which is to instill such tenets, doctrines, or worship, nor does it include books
2.25or materials for, or transportation to, extracurricular activities including sporting events,
2.26musical or dramatic events, speech activities, driver's education, or similar programs. No
2.27deduction is permitted for any expense the taxpayer incurred in using the taxpayer's or
2.28the qualifying child's vehicle to provide such transportation for a qualifying child. For
2.29purposes of the subtraction provided by this clause, "qualifying child" has the meaning
2.30given in section 32(c)(3) of the Internal Revenue Code;
2.31 (4) income as provided under section
2.32 (5) to the extent included in federal adjusted gross income, income realized on
2.33disposition of property exempt from tax under section
2.34 (6) to the extent not deducted or not deductible pursuant to section 408(d)(8)(E)
2.35of the Internal Revenue Code in determining federal taxable income by an individual
2.36who does not itemize deductions for federal income tax purposes for the taxable year, an
3.1amount equal to 50 percent of the excess of charitable contributions over $500 allowable
3.2as a deduction for the taxable year under section 170(a) of the Internal Revenue Code,
3.3under the provisions of Public Law 109-1 and Public Law 111-126;
3.4 (7) for individuals who are allowed a federal foreign tax credit for taxes that do not
3.5qualify for a credit under section
3.6of subnational foreign taxes for the taxable year, but not to exceed the total subnational
3.7foreign taxes reported in claiming the foreign tax credit. For purposes of this clause,
3.8"federal foreign tax credit" means the credit allowed under section 27 of the Internal
3.9Revenue Code, and "carryover of subnational foreign taxes" equals the carryover allowed
3.10under section 904(c) of the Internal Revenue Code minus national level foreign taxes to
3.11the extent they exceed the federal foreign tax credit;
3.12 (8) in each of the five tax years immediately following the tax year in which an
3.13addition is required under subdivision 19a, clause (7), or 19c, clause (15), in the case
3.14of a shareholder of a corporation that is an S corporation, an amount equal to one-fifth
3.15of the delayed depreciation. For purposes of this clause, "delayed depreciation" means
3.16the amount of the addition made by the taxpayer under subdivision 19a, clause (7), or
3.17subdivision 19c, clause (15), in the case of a shareholder of an S corporation, minus the
3.18positive value of any net operating loss under section 172 of the Internal Revenue Code
3.19generated for the tax year of the addition. The resulting delayed depreciation cannot be
3.20less than zero;
3.21 (9)
3.22
3.23paid to members of the Minnesota National Guard or other reserve components of the
3.24United States military for active service performed in Minnesota, excluding compensation
3.25for services performed under the Active Guard Reserve (AGR) program. For purposes of
3.26this clause, "active service" means (i) state active service as defined in section
3.27subdivision 5a
3.29subdivision 5c
3.31
3.32compensation paid to Minnesota residents who are members of the armed forces of the
3.33United States or United Nations for active duty performed outside Minnesota under United
3.34States Code, title 10, section 101(d); United States Code, title 32, section 101(12); or the
3.35authority of the United Nations;
4.1
4.2qualified donor's donation, while living, of one or more of the qualified donor's organs
4.3to another person for human organ transplantation. For purposes of this clause, "organ"
4.4means all or part of an individual's liver, pancreas, kidney, intestine, lung, or bone marrow;
4.5"human organ transplantation" means the medical procedure by which transfer of a human
4.6organ is made from the body of one person to the body of another person; "qualified
4.7expenses" means unreimbursed expenses for both the individual and the qualified donor
4.8for (i) travel, (ii) lodging, and (iii) lost wages net of sick pay, except that such expenses
4.9may be subtracted under this clause only once; and "qualified donor" means the individual
4.10or the individual's dependent, as defined in section 152 of the Internal Revenue Code. An
4.11individual may claim the subtraction in this clause for each instance of organ donation for
4.12transplantation during the taxable year in which the qualified expenses occur;
4.13
4.14addition is required under subdivision 19a, clause (8), or 19c, clause (16), in the case of a
4.15shareholder of a corporation that is an S corporation, an amount equal to one-fifth of the
4.16addition made by the taxpayer under subdivision 19a, clause (8), or 19c, clause (16), in the
4.17case of a shareholder of a corporation that is an S corporation, minus the positive value of
4.18any net operating loss under section 172 of the Internal Revenue Code generated for the
4.19tax year of the addition. If the net operating loss exceeds the addition for the tax year, a
4.20subtraction is not allowed under this clause;
4.21
4.22service member as defined in United States Code, title 10, section 101(a)(5), for military
4.23service as defined in the Servicemembers Civil Relief Act, Public Law 108-189, section
4.24101(2);
4.25
4.26section
4.27
4.28service educational awards received from the National Service Trust under United States
4.29Code, title 42, sections 12601 to 12604, for service in an approved Americorps National
4.30Service program; and
4.31
4.32income resulting from reacquisition of business indebtedness included in federal taxable
4.33income under section 108(i) of the Internal Revenue Code. This subtraction applies only
4.34to the extent that the income was included in net income in a prior year as a result of the
4.35addition under section
5.1EFFECTIVE DATE.This section is effective for taxable years beginning after
5.2December 31, 2011.
5.3 Sec. 3. Minnesota Statutes 2010, section 290.01, subdivision 29, is amended to read:
5.4 Subd. 29. Taxable income. The term "taxable income" means:
5.5(1) for individuals, estates, and trusts, the same as taxable net income;
5.6(2) for corporations, the taxable net income less
5.7(i) the net operating loss deduction under section
5.8(ii) the dividends received deduction under section
5.9(iii)
5.10
5.11
5.12zone under section
5.13
5.14zone under section
5.15EFFECTIVE DATE.This section is effective for taxable years beginning after
5.16December 31, 2011.
5.17 Sec. 4. Minnesota Statutes 2010, section 290.091, subdivision 2, is amended to read:
5.18 Subd. 2. Definitions. For purposes of the tax imposed by this section, the following
5.19terms have the meanings given:
5.20 (a) "Alternative minimum taxable income" means the sum of the following for
5.21the taxable year:
5.22 (1) the taxpayer's federal alternative minimum taxable income as defined in section
5.2355(b)(2) of the Internal Revenue Code;
5.24 (2) the taxpayer's itemized deductions allowed in computing federal alternative
5.25minimum taxable income, but excluding:
5.26 (i) the charitable contribution deduction under section 170 of the Internal Revenue
5.27Code;
5.28 (ii) the medical expense deduction;
5.29 (iii) the casualty, theft, and disaster loss deduction; and
5.30 (iv) the impairment-related work expenses of a disabled person;
5.31 (3) for depletion allowances computed under section 613A(c) of the Internal
5.32Revenue Code, with respect to each property (as defined in section 614 of the Internal
5.33Revenue Code), to the extent not included in federal alternative minimum taxable income,
5.34the excess of the deduction for depletion allowable under section 611 of the Internal
6.1Revenue Code for the taxable year over the adjusted basis of the property at the end of the
6.2taxable year (determined without regard to the depletion deduction for the taxable year);
6.3 (4) to the extent not included in federal alternative minimum taxable income, the
6.4amount of the tax preference for intangible drilling cost under section 57(a)(2) of the
6.5Internal Revenue Code determined without regard to subparagraph (E);
6.6 (5) to the extent not included in federal alternative minimum taxable income, the
6.7amount of interest income as provided by section
6.8 (6) the amount of addition required by section
6.9to (9), (12), (13), (16), and (17);
6.10 less the sum of the amounts determined under the following:
6.11 (1) interest income as defined in section
6.12 (2) an overpayment of state income tax as provided by section
6.1319b
6.14 (3) the amount of investment interest paid or accrued within the taxable year on
6.15indebtedness to the extent that the amount does not exceed net investment income, as
6.16defined in section 163(d)(4) of the Internal Revenue Code. Interest does not include
6.17amounts deducted in computing federal adjusted gross income; and
6.18 (4) amounts subtracted from federal taxable income as provided by section
6.19subdivision 19b
6.20 In the case of an estate or trust, alternative minimum taxable income must be
6.21computed as provided in section 59(c) of the Internal Revenue Code.
6.22 (b) "Investment interest" means investment interest as defined in section 163(d)(3)
6.23of the Internal Revenue Code.
6.24 (c) "Net minimum tax" means the minimum tax imposed by this section.
6.25 (d) "Regular tax" means the tax that would be imposed under this chapter (without
6.26regard to this section and section 290.032), reduced by the sum of the nonrefundable
6.27credits allowed under this chapter.
6.28 (e) "Tentative minimum tax" equals 6.4 percent of alternative minimum taxable
6.29income after subtracting the exemption amount determined under subdivision 3.
6.30EFFECTIVE DATE.This section is effective for taxable years beginning after
6.31December 31, 2011.
6.32 Sec. 5. Minnesota Statutes 2010, section 290.0921, subdivision 3, is amended to read:
6.33 Subd. 3. Alternative minimum taxable income. "Alternative minimum taxable
6.34income" is Minnesota net income as defined in section
6.35includes the adjustments and tax preference items in sections 56, 57, 58, and 59(d), (e),
7.1(f), and (h) of the Internal Revenue Code. If a corporation files a separate company
7.2Minnesota tax return, the minimum tax must be computed on a separate company basis.
7.3If a corporation is part of a tax group filing a unitary return, the minimum tax must be
7.4computed on a unitary basis. The following adjustments must be made.
7.5(1) For purposes of the depreciation adjustments under section 56(a)(1) and
7.656(g)(4)(A) of the Internal Revenue Code, the basis for depreciable property placed in
7.7service in a taxable year beginning before January 1, 1990, is the adjusted basis for federal
7.8income tax purposes, including any modification made in a taxable year under section
7.10paragraph (c).
7.11For taxable years beginning after December 31, 2000, the amount of any remaining
7.12modification made under section
7.13section
7.14allowance in the first taxable year after December 31, 2000.
7.15(2) The portion of the depreciation deduction allowed for federal income tax
7.16purposes under section 168(k) of the Internal Revenue Code that is required as an
7.17addition under section
7.18alternative minimum taxable income.
7.19(3) The subtraction for depreciation allowed under section
7.20clause (17), is allowed as a depreciation deduction in determining alternative minimum
7.21taxable income.
7.22(4) The alternative tax net operating loss deduction under sections 56(a)(4) and 56(d)
7.23of the Internal Revenue Code does not apply.
7.24(5) The special rule for certain dividends under section 56(g)(4)(C)(ii) of the Internal
7.25Revenue Code does not apply.
7.26(6) The special rule for dividends from section 936 companies under section
7.2756(g)(4)(C)(iii) does not apply.
7.28(7) The tax preference for depletion under section 57(a)(1) of the Internal Revenue
7.29Code does not apply.
7.30(8) The tax preference for intangible drilling costs under section 57(a)(2) of the
7.31Internal Revenue Code must be calculated without regard to subparagraph (E) and the
7.32subtraction under section
7.33(9) The tax preference for tax exempt interest under section 57(a)(5) of the Internal
7.34Revenue Code does not apply.
7.35(10) The tax preference for charitable contributions of appreciated property under
7.36section 57(a)(6) of the Internal Revenue Code does not apply.
8.1(11) For purposes of calculating the tax preference for accelerated depreciation or
8.2amortization on certain property placed in service before January 1, 1987, under section
8.357(a)(7) of the Internal Revenue Code, the deduction allowable for the taxable year is the
8.4deduction allowed under section
8.5For taxable years beginning after December 31, 2000, the amount of any remaining
8.6modification made under section
8.7depreciation or amortization allowance in the first taxable year after December 31, 2004.
8.8(12) For purposes of calculating the adjustment for adjusted current earnings in
8.9section 56(g) of the Internal Revenue Code, the term "alternative minimum taxable
8.10income" as it is used in section 56(g) of the Internal Revenue Code, means alternative
8.11minimum taxable income as defined in this subdivision, determined without regard to the
8.12adjustment for adjusted current earnings in section 56(g) of the Internal Revenue Code.
8.13(13) For purposes of determining the amount of adjusted current earnings under
8.14section 56(g)(3) of the Internal Revenue Code, no adjustment shall be made under section
8.1556(g)(4) of the Internal Revenue Code with respect to (i) the amount of foreign dividend
8.16gross-up subtracted as provided in section
8.17amount of refunds of income, excise, or franchise taxes subtracted as provided in section
8.19income subtracted as provided in section
8.20(14)
8.21
8.22
8.23biotechnology and health sciences industry zone as provided under section
8.24
8.25in an international economic development zone as provided under section
8.26Items of tax preference must not be reduced below zero as a result of the
8.27modifications in this subdivision.
8.28EFFECTIVE DATE.This section is effective for taxable years beginning after
8.29December 31, 2011.
8.30 Sec. 6. Minnesota Statutes 2010, section 290.0922, subdivision 2, is amended to read:
8.31 Subd. 2. Exemptions. The following entities are exempt from the tax imposed
8.32by this section:
8.33(1) corporations exempt from tax under section
8.34(2) real estate investment trusts;
8.35(3) regulated investment companies or a fund thereof; and
9.1(4) entities having a valid election in effect under section 860D(b) of the Internal
9.2Revenue Code;
9.3(5) town and farmers' mutual insurance companies;
9.4(6) cooperatives organized under chapter 308A or 308B that provide housing
9.5exclusively to persons age 55 and over and are classified as homesteads under section
9.7(7)
9.8
9.9
9.10
9.11economic development zone designated under section
9.12international economic development zone payroll under section
9.13under this clause applies to taxable years beginning during the duration of the international
9.14economic development zone.
9.15Entities not specifically exempted by this subdivision are subject to tax under this
9.16section, notwithstanding section
9.17EFFECTIVE DATE.This section is effective for taxable years beginning after
9.18December 31, 2011.
9.19 Sec. 7. Minnesota Statutes 2010, section 290.0922, subdivision 3, is amended to read:
9.20 Subd. 3. Definitions. (a) "Minnesota sales or receipts" means the total sales
9.21apportioned to Minnesota pursuant to section
9.22attributed to Minnesota pursuant to section
9.23total sales or receipts apportioned or attributed to Minnesota pursuant to any other
9.24apportionment formula applicable to the taxpayer.
9.25(b) "Minnesota property" means total Minnesota tangible property as provided in
9.26section
9.27but does not include: (1)
9.28
9.29health sciences industry zone designated under section
9.30beginning during the duration of the zone, property of a qualified business located in the
9.31international economic development zone designated under section
9.32property shall not be included in Minnesota property for purposes of this section.
9.33Taxpayers who do not utilize tangible property to apportion income shall nevertheless
9.34include Minnesota property for purposes of this section. On a return for a short taxable
9.35year, the amount of Minnesota property owned, as determined under section
10.1shall be included in Minnesota property based on a fraction in which the numerator is the
10.2number of days in the short taxable year and the denominator is 365.
10.3(c) "Minnesota payrolls" means total Minnesota payrolls as provided in section
10.5
10.6payrolls under section
10.7the duration of the zone, international economic development zone payrolls under section
10.9nevertheless include Minnesota payrolls for purposes of this section.
10.10EFFECTIVE DATE.This section is effective for taxable years beginning after
10.11December 31, 2011.
10.12 Sec. 8. Minnesota Statutes 2010, section 297B.03, is amended to read:
10.13297B.03 EXEMPTIONS.
10.14 There is specifically exempted from the provisions of this chapter and from
10.15computation of the amount of tax imposed by it the following:
10.16 (1) purchase or use, including use under a lease purchase agreement or installment
10.17sales contract made pursuant to section
10.18and its agencies and instrumentalities and by any person described in and subject to the
10.19conditions provided in section
10.20 (2) purchase or use of any motor vehicle by any person who was a resident of
10.21another state or country at the time of the purchase and who subsequently becomes a
10.22resident of Minnesota, provided the purchase occurred more than 60 days prior to the date
10.23such person began residing in the state of Minnesota and the motor vehicle was registered
10.24in the person's name in the other state or country;
10.25 (3) purchase or use of any motor vehicle by any person making a valid election to be
10.26taxed under the provisions of section
10.27 (4) purchase or use of any motor vehicle previously registered in the state of
10.28Minnesota when such transfer constitutes a transfer within the meaning of section 118,
10.29331, 332, 336, 337, 338, 351, 355, 368, 721, 731, 1031, 1033, or 1563(a) of the Internal
10.30Revenue Code;
10.31 (5) purchase or use of any vehicle owned by a resident of another state and leased
10.32to a Minnesota-based private or for-hire carrier for regular use in the transportation of
10.33persons or property in interstate commerce provided the vehicle is titled in the state of
11.1the owner or secured party, and that state does not impose a sales tax or sales tax on
11.2motor vehicles used in interstate commerce;
11.3 (6) purchase or use of a motor vehicle by a private nonprofit or public educational
11.4institution for use as an instructional aid in automotive training programs operated by the
11.5institution. "Automotive training programs" includes motor vehicle body and mechanical
11.6repair courses but does not include driver education programs;
11.7 (7) purchase of a motor vehicle for use as an ambulance by an ambulance service
11.8licensed under section
11.9 (8) purchase of a motor vehicle by or for a public library, as defined in section
11.11 (9) purchase of a ready-mixed concrete truck;
11.12 (10) purchase or use of a motor vehicle by a town for use exclusively for road
11.13maintenance, including snowplows and dump trucks, but not including automobiles,
11.14vans, or pickup trucks;
11.15 (11) purchase or use of a motor vehicle by a corporation, society, association,
11.16foundation, or institution organized and operated exclusively for charitable, religious,
11.17or educational purposes, except a public school, university, or library, but only if the
11.18vehicle is:
11.19 (i) a truck, as defined in section
11.20passenger automobile, as defined in section
11.21used for carrying more than nine persons including the driver; and
11.22 (ii) intended to be used primarily to transport tangible personal property or
11.23individuals, other than employees, to whom the organization provides service in
11.24performing its charitable, religious, or educational purpose;
11.25 (12) purchase of a motor vehicle for use by a transit provider exclusively to provide
11.26transit service is exempt if the transit provider is either (i) receiving financial assistance or
11.27reimbursement under section
11.29 (13)
11.30
11.31
11.32
11.33
11.34
11.35
12.1
12.2lease-to-own program from a charitable organization that is:
12.3 (i) described in section 501(c)(3) of the Internal Revenue Code; and
12.4 (ii) licensed as a motor vehicle lessor under section
12.5EFFECTIVE DATE.This section is effective for sales and purchases made after
12.6December 31, 2011.
12.7 Sec. 9. REPEALER.
12.8(a) Minnesota Statutes 2010, sections 272.02, subdivision 64; and 272.029,
12.9subdivision 7, are repealed.
12.10(b) Minnesota Statutes 2010, section 289A.12, subdivision 15, is repealed.
12.11(c) Minnesota Statutes 2010, sections 290.06, subdivision 29; 469.316; 469.317;
12.12and 469.318, are repealed.
12.13(d) Minnesota Statutes 2010, section 297A.68, subdivision 37, is repealed.
12.14(e) Minnesota Statutes 2010, sections 469.310; 469.311; 469.312; 469.313; 469.314;
12.15469.315; 469.3191; 469.3192; 469.3193; and 469.3201, are repealed.
12.16(f) Minnesota Statutes 2010, section 469.319, is repealed.
12.17EFFECTIVE DATE.Paragraph (a) is effective beginning for property taxes
12.18assessed in 2011, payable in 2012.
12.19Paragraph (b) is effective January 1, 2013.
12.20Paragraph (c) is effective for taxable years beginning after December 31, 2011.
12.21Paragraph (d) is effective for sales and purchases made after December 31, 2011.
12.22Paragraph (e) is effective January 1, 2012.
12.23Paragraph (f) is effective for violations of business subsidy agreements occurring
12.24after January 1, 2012.
