Bill
Bill > HF5055
MN HF5055
MN HF5055Individual income, corporate franchise, sales and use, and gross receipts taxes and other various taxes and tax-related provisions modified; federal conformity provided; sustainable aviation fuel credit modified, firearms gross receipts tax imposed, social media tax imposed, and money appropriated.
summary
Introduced
04/22/2026
04/22/2026
In Committee
04/22/2026
04/22/2026
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to taxation; modifying individual income, corporate franchise, sales and use, and gross receipts taxes and other various taxes and tax-related provisions; providing appointments; providing for certain federal conformity; modifying pass-through entity tax provisions; modifying the sustainable aviation fuel credit; modifying the dependent care credit; modifying the historic structure rehabilitation credit; imposing a gross receipts tax on firearms; lowering the statewide sales and use tax rate and expanding the base; imposing a social media tax and dedicating receipts; making changes to the cannabis gross receipts tax; creating a commission on artificial intelligence; providing for appointments; requiring reports; appropriating money; amending Minnesota Statutes 2024, sections 41A.30, subdivisions 1, 2, 7; 270C.726, subdivisions 2, 3; 289A.02, subdivision 7; 289A.08, subdivision 7a; 289A.12, subdivisions 4, 12, by adding a subdivision; 289A.60, subdivision 8; 290.01, subdivisions 19, 31; 290.0122, subdivision 4; 290.0131, subdivision 9, by adding subdivisions; 290.0132, by adding subdivisions; 290.0133, subdivision 11, by adding subdivisions; 290.0134, by adding subdivisions; 290.033; 290.06, subdivision 40; 290.067; 290.0921, subdivision 3; 290.21, subdivision 10; 290.92, subdivision 26; 290A.03, subdivision 15; 291.005, subdivision 1; 295.81, subdivisions 1, 3, 4, 6, 9; 297A.61, subdivision 3; 297A.62, subdivision 1; 297F.25, subdivision 1; Minnesota Statutes 2025 Supplement, sections 41A.30, subdivision 5; 290.06, subdivisions 2c, 23a; 290.091, subdivision 2; proposing coding for new law in Minnesota Statutes, chapters 116J; 290; 295.
AI Summary
This bill modifies various tax provisions in Minnesota, including individual income, corporate franchise, sales and use, and gross receipts taxes, while also providing for federal conformity, which means aligning state tax laws with recent changes in federal tax laws. Key changes include modifying the sustainable aviation fuel credit, imposing a new gross receipts tax on firearms and ammunition, and introducing a social media tax on businesses that collect consumer data. The bill also adjusts the cannabis gross receipts tax, lowers the statewide sales and use tax rate while expanding its base, and establishes a commission on artificial intelligence to study its impact on the workforce and economy. Additionally, it makes several appropriations of money for these purposes and updates the definition of the Internal Revenue Code to align with federal changes through March 1, 2026, with many provisions taking effect retroactively.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
House Taxes (09:00:00 4/23/2026 ) (on 04/23/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/94/2026/0/HF/5055/ |
| BillText | https://www.revisor.mn.gov/bills/94/2026/0/HF/5055/versions/0/pdf/ |
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