Bill Text: MN HF388 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Estate taxes threshold amount increased.
Sponsorship: Partisan Bill (Democrat 2)
Status: (Introduced - Dead) 2013-02-06 - Introduction and first reading, referred to Taxes [HF388 Detail]
Download: Minnesota-2013-HF388-Introduced.html
1.2relating to taxation; increasing the threshold amount for estate taxes;amending
1.3Minnesota Statutes 2012, section 289A.10, subdivision 1.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Minnesota Statutes 2012, section 289A.10, subdivision 1, is amended to read:
1.6 Subdivision 1. Return required. In the case of a decedent who has an interest in
1.7property with a situs in Minnesota, the personal representative must submit a Minnesota
1.8estate tax return to the commissioner, on a form prescribed by the commissioner, if:
1.9(1) a federal estate tax return is required to be filed; or
1.10(2) the federal gross estate exceeds$1,000,000 $2,000,000.
1.11The return must contain a computation of the Minnesota estate tax due. The return
1.12must be signed by the personal representative.
1.13EFFECTIVE DATE.This section is effective for taxable years beginning after
1.14December 31, 2012.
1.3Minnesota Statutes 2012, section 289A.10, subdivision 1.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Minnesota Statutes 2012, section 289A.10, subdivision 1, is amended to read:
1.6 Subdivision 1. Return required. In the case of a decedent who has an interest in
1.7property with a situs in Minnesota, the personal representative must submit a Minnesota
1.8estate tax return to the commissioner, on a form prescribed by the commissioner, if:
1.9(1) a federal estate tax return is required to be filed; or
1.10(2) the federal gross estate exceeds
1.11The return must contain a computation of the Minnesota estate tax due. The return
1.12must be signed by the personal representative.
1.13EFFECTIVE DATE.This section is effective for taxable years beginning after
1.14December 31, 2012.
