SF 4862

as introduced - 93rd Legislature (2023 - 2024) Posted on 04/05/2024 10:31am

A bill for an act
relating to taxation; employee classification; providing that a certain uncodified
provision in federal law that relates to provisions of the Internal Revenue Code
does not apply; amending Minnesota Statutes 2023 Supplement, section 290.01,
subdivision 31.

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

Section 1.

Minnesota Statutes 2023 Supplement, section 290.01, subdivision 31, is amended
to read:

Subd. 31.

Internal Revenue Code.

new text begin (a) new text end Unless specifically defined otherwise, "Internal
Revenue Code" means the Internal Revenue Code of 1986, as amended through May 1,
2023. Internal Revenue Code also includes any uncodified provision in federal law that
relates to provisions of the Internal Revenue Code that are incorporated into Minnesota law.

new text begin (b) For purposes of this chapter, "Internal Revenue Code" does not include section 530
of Public Law 95-600, as amended.
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, 2024.
new text end