Bill Text: MN HF30 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Lower income motor fuels tax credit reinstated.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2013-01-14 - Author added Kahn [HF30 Detail]
Download: Minnesota-2013-HF30-Introduced.html
1.2relating to taxation; individual income; reinstating the lower income motor fuels
1.3tax credit; appropriating money;amending Minnesota Statutes 2012, section
1.4290.06, by adding a subdivision.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2012, section 290.06, is amended by adding a
1.7subdivision to read:
1.8 Subd. 36. Lower income motor fuels tax credit. (a) To compensate for the burden
1.9of the motor fuels tax, an individual is allowed a credit against the tax imposed under this
1.10chapter if the individual:
1.11(1) has attained the age of 18 by the end of the taxable year;
1.12(2) cannot be claimed as a dependent on another taxpayer's return; and
1.13(3) is a United States citizen or is lawfully present in the United States.
1.14(b) For married couples filing joint returns, surviving spouses, single filers, and head
1.15of household filers, the credit amount is $25. For married individuals filing separate
1.16returns, the credit amount is $12.50. To qualify, the individual's taxable net income for
1.17the taxable year must not exceed the maximum amount for the individual's filing status,
1.18adjusted as provided in subdivision 2d, that is taxable at the lowest rate under subdivision
1.192c. For individuals with taxable net income that exceeds the amount of income taxable for
1.20the individual's filing status at the lowest rate under subdivision 2c, adjusted as provided in
1.21subdivision 2d, the credit amount is zero. For a nonresident or part-year resident, the credit
1.22must be allocated based on the percentage calculated under subdivision 2c, paragraph (e).
2.1(c) If the amount of the credit that the individual is eligible to receive under this
2.2subdivision exceeds the individual's liability for tax under this chapter, the commissioner
2.3of revenue shall refund the excess.
2.4(d) The amount necessary to pay claims for the refund provided in this section is
2.5appropriated from the general fund to the commissioner.
2.6EFFECTIVE DATE.This section is effective for taxable years beginning after
2.7December 31, 2012.
1.3tax credit; appropriating money;amending Minnesota Statutes 2012, section
1.4290.06, by adding a subdivision.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2012, section 290.06, is amended by adding a
1.7subdivision to read:
1.8 Subd. 36. Lower income motor fuels tax credit. (a) To compensate for the burden
1.9of the motor fuels tax, an individual is allowed a credit against the tax imposed under this
1.10chapter if the individual:
1.11(1) has attained the age of 18 by the end of the taxable year;
1.12(2) cannot be claimed as a dependent on another taxpayer's return; and
1.13(3) is a United States citizen or is lawfully present in the United States.
1.14(b) For married couples filing joint returns, surviving spouses, single filers, and head
1.15of household filers, the credit amount is $25. For married individuals filing separate
1.16returns, the credit amount is $12.50. To qualify, the individual's taxable net income for
1.17the taxable year must not exceed the maximum amount for the individual's filing status,
1.18adjusted as provided in subdivision 2d, that is taxable at the lowest rate under subdivision
1.192c. For individuals with taxable net income that exceeds the amount of income taxable for
1.20the individual's filing status at the lowest rate under subdivision 2c, adjusted as provided in
1.21subdivision 2d, the credit amount is zero. For a nonresident or part-year resident, the credit
1.22must be allocated based on the percentage calculated under subdivision 2c, paragraph (e).
2.1(c) If the amount of the credit that the individual is eligible to receive under this
2.2subdivision exceeds the individual's liability for tax under this chapter, the commissioner
2.3of revenue shall refund the excess.
2.4(d) The amount necessary to pay claims for the refund provided in this section is
2.5appropriated from the general fund to the commissioner.
2.6EFFECTIVE DATE.This section is effective for taxable years beginning after
2.7December 31, 2012.
