summary
Introduced
03/10/2025
03/10/2025
In Committee
05/13/2025
05/13/2025
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to taxation; modifying individual income and corporate franchise taxes, sales and use taxes, excise taxes, gross receipts taxes, local sales and use taxes, property taxes, mining and mineral taxes, local government aids, tax increment financing, and other miscellaneous taxes and tax-related provisions; modifying the political contribution refund; modifying subtractions; modifying credits, assignments, rebates, and transfers; modifying and providing for sales and use tax exemptions; modifying and providing for property tax credits and exemptions; modifying property tax classifications; providing for land bank organizations; providing local government aid penalty forgiveness; modifying aids; providing for and modifying special tax increment financing provisions; modifying provisions related to public finance; modifying provisions related to the Tax Expenditure Review Commission; modifying sustainable aviation fuel provisions; increasing debt issue limits; modifying penalties relating to property tax refunds and certificates of rent paid; modifying payments for the Sustainable Forest Incentive Act; modifying gross proceeds and occupation taxes; extending and modifying the uses of certain local sales and use taxes; repealing the tax on illegal cannabis and controlled substances; making various policy and technical changes; requiring reports; providing transfers of money; appropriating money; amending Minnesota Statutes 2024, sections 3.192; 3.8855, subdivisions 2, 3, 4, 5, 7, 8; 8.31, subdivision 2c; 10A.02, subdivision 11b; 10A.322, subdivision 4; 14.03, subdivision 3; 16A.151, subdivision 2; 37.31, subdivision 1; 41A.30, subdivisions 1, 2, 5, 7; 41B.0391, subdivisions 1, 2, 4, 6; 116U.27, subdivision 2; 126C.13, subdivision 4; 126C.17, by adding a subdivision; 270B.161; 270C.07; 270C.08; 270C.085; 270C.11, subdivision 4; 270C.445, subdivisions 3, 6; 272.01, subdivision 2; 272.02, subdivisions 19, 97, by adding subdivisions; 272.03, subdivision 1; 273.117; 273.12; 273.124, subdivisions 8, 14; 273.128, subdivision 1; 273.13, subdivisions 22, 23, 34; 273.1392; 273.1393; 273.19, subdivision 1; 273.38; 273.41; 275.065, subdivision 3; 276.04, subdivision 2; 279.37, subdivision 2; 289A.02, subdivision 6; 289A.08, subdivision 7a; 289A.12, subdivision 18, by adding a subdivision; 289A.19, subdivision 2; 289A.20, subdivision 4; 289A.31, subdivision 1; 289A.51, subdivisions 1, 3, 4; 289A.60, subdivisions 12, 15; 290.01, subdivision 19; 290.0132, subdivisions 11, 26, 34, by adding subdivisions; 290.0133, subdivision 7; 290.0134, subdivisions 9, 20; 290.0135; 290.033; 290.05, subdivision 1; 290.06, subdivisions 23, 23a, 37; 290.0674, subdivision 1a; 290.0681, subdivisions 3, 4; 290.0686; 290.0693, subdivisions 1, 4, 6, 8; 290.0695, subdivisions 1, 2, 3; 290.091, subdivision 2; 290.095, subdivision 2; 290.20, subdivision 2; 290.92, by adding a subdivision; 290.923, subdivision 1; 290A.03, subdivision 3; 290A.19; 290C.07; 1 SF2374 REVISOR EAP S2374-2 2nd Engrossment 295.54, subdivision 2; 295.81, subdivision 10; 297A.68, subdivisions 5, 42, by adding a subdivision; 297A.70, by adding a subdivision; 297A.71, subdivisions 14, 54; 297A.75, subdivisions 1, 2, 3; 297A.94; 297A.99, subdivisions 1, 1a, 3, 3a, 10, by adding subdivisions; 297A.9915, subdivision 1; 297A.9925, subdivisions 1, 2; 297A.995, subdivisions 2, 10; 297I.20, subdivision 4; 298.001, subdivision 3a, by adding subdivisions; 298.01, subdivisions 3, 3a, 3b, 4a, 4b, 5, 6; 298.015, subdivision 1; 298.016, subdivisions 1, 2, 3, 4, by adding a subdivision; 298.018, subdivisions 1, 1a, by adding subdivisions; 298.17; 299C.76, subdivision 1; 373.40, subdivision 2; 446A.086, subdivisions 1, 2; 449.08; 462C.04, subdivision 2; 469.104; 469.154, subdivision 4; 469.171, subdivisions 1, 4, 6a; 469.1731, subdivision 1; 469.176, subdivision 4n; 469.1812, by adding a subdivision; 469.1813, subdivisions 1, 5, 6, by adding a subdivision; 473.756, by adding a subdivision; 473.757, subdivisions 1, 2, 3, 4, 7, 8, 9, 11, by adding subdivisions; 473.759, subdivision 3; 474A.091, subdivisions 2, 2a; 475.521, subdivision 2; 477A.011, subdivision 34, by adding a subdivision; 477A.013, subdivision 1; 477A.03, subdivisions 2a, 2b; 477A.23, subdivision 6; 609.902, subdivision 4; 641.23; Laws 1996, chapter 471, article 2, section 29, subdivisions 1, as amended, 4, as amended; Laws 2010, chapter 389, article 7, section 22, as amended; Laws 2013, chapter 143, article 9, section 21; Laws 2014, chapter 308, article 6, section 9, as amended; Laws 2017, First Special Session chapter 1, article 6, section 22; Laws 2023, chapter 1, sections 22; 28; Laws 2023, chapter 64, article 4, section 27, by adding a subdivision; article 5, section 25, subdivision 1; proposing coding for new law in Minnesota Statutes, chapters 8; 256B; 273; 295; 297A; 477A; repealing Minnesota Statutes 2024, sections 13.4967, subdivisions 2a, 5; 275.065, subdivision 3c; 276.04, subdivision 2a; 290.0679; 297D.01; 297D.02; 297D.03; 297D.04; 297D.05; 297D.06; 297D.07; 297D.08; 297D.085; 297D.09; 297D.10; 297D.11; 297D.12; 297D.13; 477A.30, subdivision 8; 477A.32; Laws 2023, chapter 64, article 15, section 24.
AI Summary
Here is a summary of the key provisions of the bill, starting with the phrase "This bill":
This bill is a comprehensive omnibus tax legislation that makes numerous changes across various areas of Minnesota tax law, affecting individual income taxes, corporate franchise taxes, sales and use taxes, property taxes, and other tax-related provisions. The bill introduces several significant modifications, including expanding the definition of sustainable aviation fuel and providing a new tax credit for its production, creating a new helium homestead credit for properties in helium relief areas, modifying tax credits for beginning farmers and electric-assisted bicycle purchases, adjusting social security benefit and retirement income subtractions, and implementing changes to local sales tax regulations. The bill also establishes new studies on topics such as sales tax remittance for professional athletic events, funding for state grant programs, and capital improvements for various public facilities. Additionally, it makes technical corrections to existing tax laws, adjusts tax rates and exemptions, and provides specific tax relief or modifications for certain groups and industries. The bill aims to update and refine Minnesota's tax code, providing targeted economic incentives, adjusting tax credits and deductions, and creating new mechanisms for tax collection and distribution.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (2)
Last Action
Second reading (on 05/13/2025)
Official Document
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