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Bill > HF1226


MN HF1226

Omnibus bonding bill.


summary

Introduced
02/15/2017
In Committee
05/20/2018
Crossed Over
05/01/2017
Passed
Dead
05/20/2018

Introduced Session

90th Legislature 2017-2018

Bill Summary

Omnibus bonding bill.

AI Summary

This bill proposes several key provisions: 1. It defines terms related to automated sales suppression devices, also known as "zappers," and makes it illegal to sell, transfer, develop, manufacture, or possess such devices. Penalties include civil fines up to $10,000 and criminal penalties of up to 5 years in prison. 2. It requires taxpayers to attach a copy of their federal tax return when filing their Minnesota state income tax return, unless they are eligible to file electronically. 3. It modifies requirements for employers to electronically file Minnesota income tax withholding returns, and imposes a $5 paper filing fee for non-electronic filing. 4. It requires regulated investment companies and others who pay $10 or more in exempt-interest dividends to Minnesota residents to report that information to the Department of Revenue. 5. It allows certain eligible employers to file annual rather than quarterly withholding tax returns, if their annual withholding is $500 or less. 6. It makes various other technical and administrative changes related to income, corporate franchise, estate, and special taxes administered by the Department of Revenue.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (9)

Last Action

See HF4425 (on 05/22/2018)

bill text


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