Bill Text: MN SF11 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Sales tax exemption for clothing repeal; clothing sales income tax credit creation and appropriation; sales tax rate adjustment
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2013-01-10 - Referred to Taxes [SF11 Detail]
Download: Minnesota-2013-SF11-Introduced.html
1.2relating to taxation; repealing the sales tax exemption for clothing; adjusting the
1.3sales tax rate; creating an income tax credit;amending Minnesota Statutes 2012,
1.4section 297A.62, subdivision 1; proposing coding for new law in Minnesota
1.5Statutes, chapter 290; repealing Minnesota Statutes 2012, section 297A.67,
1.6subdivision 8.
1.7BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.8 Section 1. [290.0683] CLOTHING SALES TAX CREDIT.
1.9 Subdivision 1. Definitions. (a) For purposes of this section, the following terms
1.10have the meanings given.
1.11(b) "Income" has the meaning given in section 290.067, subdivision 2a.
1.12(c) "Dependent" has the meaning given in section 152 of the Internal Revenue Code.
1.13 Subd. 2. Credit allowed. A taxpayer is allowed a refundable credit against the tax
1.14imposed under this chapter. The credit is equal to $....... for a married couple filing a joint
1.15return, and $....... for all filers, plus $....... for the first dependent claimed on the return,
1.16$....... for each of the second and third dependents claimed on the return, $....... for the
1.17fourth dependent claimed on the return, and $....... for each subsequent dependent.
1.18 Subd. 3. Limitations. The credit allowed in this section is reduced by $....... for
1.19every $....... of income in excess of ....... percent of the federal poverty guidelines.
1.20 Subd. 4. Appropriation. An amount sufficient to pay the refunds required by this
1.21section is appropriated to the commissioner from the general fund.
1.22EFFECTIVE DATE.This section is effective for taxable years beginning after
1.23December 31, 2012.
1.24 Sec. 2. Minnesota Statutes 2012, section 297A.62, subdivision 1, is amended to read:
2.1 Subdivision 1. Generally. Except as otherwise provided in subdivision 3 or in this
2.2chapter, a sales tax of6.5 ....... percent is imposed on the gross receipts from retail sales as
2.3defined in section297A.61, subdivision 4 , made in this state or to a destination in this
2.4state by a person who is required to have or voluntarily obtains a permit under section
2.5297A.83, subdivision 1
.
2.6EFFECTIVE DATE.This section is effective for taxable years beginning after
2.7December 31, 2012.
2.8 Sec. 3. REPEALER.
2.9Minnesota Statutes 2012, section 297A.67, subdivision 8, is repealed.
2.10EFFECTIVE DATE.This section is effective for taxable years beginning after
2.11December 31, 2012.
1.3sales tax rate; creating an income tax credit;amending Minnesota Statutes 2012,
1.4section 297A.62, subdivision 1; proposing coding for new law in Minnesota
1.5Statutes, chapter 290; repealing Minnesota Statutes 2012, section 297A.67,
1.6subdivision 8.
1.7BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.8 Section 1. [290.0683] CLOTHING SALES TAX CREDIT.
1.9 Subdivision 1. Definitions. (a) For purposes of this section, the following terms
1.10have the meanings given.
1.11(b) "Income" has the meaning given in section 290.067, subdivision 2a.
1.12(c) "Dependent" has the meaning given in section 152 of the Internal Revenue Code.
1.13 Subd. 2. Credit allowed. A taxpayer is allowed a refundable credit against the tax
1.14imposed under this chapter. The credit is equal to $....... for a married couple filing a joint
1.15return, and $....... for all filers, plus $....... for the first dependent claimed on the return,
1.16$....... for each of the second and third dependents claimed on the return, $....... for the
1.17fourth dependent claimed on the return, and $....... for each subsequent dependent.
1.18 Subd. 3. Limitations. The credit allowed in this section is reduced by $....... for
1.19every $....... of income in excess of ....... percent of the federal poverty guidelines.
1.20 Subd. 4. Appropriation. An amount sufficient to pay the refunds required by this
1.21section is appropriated to the commissioner from the general fund.
1.22EFFECTIVE DATE.This section is effective for taxable years beginning after
1.23December 31, 2012.
1.24 Sec. 2. Minnesota Statutes 2012, section 297A.62, subdivision 1, is amended to read:
2.1 Subdivision 1. Generally. Except as otherwise provided in subdivision 3 or in this
2.2chapter, a sales tax of
2.3defined in section
2.4state by a person who is required to have or voluntarily obtains a permit under section
2.6EFFECTIVE DATE.This section is effective for taxable years beginning after
2.7December 31, 2012.
2.8 Sec. 3. REPEALER.
2.9Minnesota Statutes 2012, section 297A.67, subdivision 8, is repealed.
2.10EFFECTIVE DATE.This section is effective for taxable years beginning after
2.11December 31, 2012.
