Bill > SF210

This bill amends Minnesota Statutes to modify the definition of "Internal Revenue Code" for tax purposes by explicitly excluding section 530 of Public Law 95-600, as amended, from the definition. Currently, the definition of Internal Revenue Code includes the Internal Revenue Code of 1986 as amended through May 1, 2023, and encompasses uncodified federal law provisions related to the Internal Revenue Code. By specifically carving out section 530 of Public Law 95-600, the bill appears to be addressing a specific provision related to employee classification or tax treatment. The amendment will take effect for taxable years beginning after December 31, 2025, which gives taxpayers and tax authorities advance notice of the change. While the specific implications of excluding this particular provision are not detailed in the bill text, it suggests a targeted adjustment to how certain federal tax law provisions are interpreted or applied under Minnesota state tax law.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0210&ssn=0&y=2025