MN HF2444 | 2011-2012 | 87th Legislature


Status

February 29 2012 - Author added Brynaert
Pending: House Taxes Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Foreign source income preferences eliminated, foreign royalty subtraction repealed, domestic corporation definition expanded, JOBZ tax benefits modified, corporate franchise tax rates reduced, income apportionment modified, foreign operating corporations repealed, special apportionment formula repealed for mail order businesses, Minnesota Science and Technology Authority expanded, public research infrastructure grant program established, expanded research plan required, and public postsecondary research partnership established.

Tracking Information

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Title

Foreign source income preferences eliminated, foreign royalty subtraction repealed, domestic corporation definition expanded, JOBZ tax benefits modified, corporate franchise tax rates reduced, income apportionment modified, foreign operating corporations repealed, special apportionment formula repealed for mail order businesses, Minnesota Science and Technology Authority expanded, public research infrastructure grant program established, expanded research plan required, and public postsecondary research partnership established.

Sponsors


History

DateChamberAction
2012-02-29HouseAuthor added Brynaert
2012-02-23HouseAuthors added Paymar and Slocum
2012-02-22HouseIntroduction and first reading, referred to Taxes

Minnesota State Sources


Bill Comments

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