MinnesotaBill text ties a pass-through tax credit rule to a federal tax sunset
If enacted, the bill would tie the expiration of a credit for certain pass-through taxes paid to another state to a federal tax provision.
What it does
The engrossed text says this tax credit rule expires at the same time and on the same terms as a federal tax provision. The commissioner could still review and assess claims afterward.
Argument forKeeping audit and assessment authority after the credit rule expires could help the commissioner review claims made while it applied.
Argument againstThe credit rule could end when the federal tax provision ends, leaving qualifying owners with less time to claim it.
More detail
The engrossed text says this subdivision expires along with a federal tax provision. The credit applies to a qualifying entity and may be claimed only by a qualifying owner. The credit is for pass-through tax paid to another state and may be claimed only by a qualifying owner. The commissioner keeps authority to audit and examine or assess credit claims after expiration. The bill text says it would take effect the day after final enactment.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 17Motion did not prevailLatest
- Vote recorded Niska motion Take from the table. Result: fail.Lower
- May 17Motion to take from table
- May 17Motion did not prevailLatest
- 2025
- Mar 13Motion prevailed
- Mar 13Motion to lay on the table
- Mar 13House rule 1.21, placed on Calendar for the Day Thursday, March 13, 2025
- Mar 12Second readingMinor
- Mar 12Committee report, to adopt as amendedMinor
- Mar 10Introduction and first reading, referred to TaxesIntroduced
Taxes & Budget