HF 3105

as introduced - 89th Legislature (2015 - 2016) Posted on 03/14/2016 04:04pm

A bill for an act
relating to taxation; income and corporate franchise; establishing a credit for
certain dental care providers; proposing coding for new law in Minnesota
Statutes, chapter 290.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

new text begin [290.0693] DENTAL CARE PROVIDER CREDIT.
new text end

new text begin Subdivision 1. new text end

new text begin Credit allowed; limitations. new text end

new text begin (a) A taxpayer who qualifies under
the requirements of a licensed dental practice under section 150A.05 is allowed a credit
against the tax imposed by this chapter equal to:
new text end

new text begin (1) the ratio of the number of patients receiving medical assistance treated by the
taxpayer in a calendar year to the number of all patients treated by the taxpayer in a
calendar year, multiplied by
new text end

new text begin (2) the amount of tax paid by the taxpayer under section 295.52, subdivision 2, in
the calendar year referenced in clause (1).
new text end

new text begin (b) For purposes of this section:
new text end

new text begin (1) "medical assistance" has the meaning given in section 256B.02, subdivision 8; and
new text end

new text begin (2) "patient" means a single individual, regardless of the number of times the
taxpayer treated the individual or the number of treatments given.
new text end

new text begin (c) For a part-year resident taxpayer, the credit must be allocated based on the
percentage calculated under section 290.06, subdivision 2c, paragraph (e).
new text end

new text begin Subd. 2. new text end

new text begin Credit to be refundable. new text end

new text begin If the amount of credit that the claimant is
eligible to receive under this section exceeds the claimant's liability for tax under this
chapter, the commissioner shall refund the excess to the claimant.
new text end

new text begin Subd. 3. new text end

new text begin Appropriation. new text end

new text begin An amount sufficient to pay the refunds required by this
section is appropriated to the commissioner from the general fund.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxable years beginning after
December 31, 2015.
new text end