HF 30

as introduced - 88th Legislature (2013 - 2014) Posted on 01/10/2013 12:03pm

A bill for an act
relating to taxation; individual income; reinstating the lower income motor fuels
tax credit; appropriating money; amending Minnesota Statutes 2012, section
290.06, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2012, section 290.06, is amended by adding a
subdivision to read:

new text begin Subd. 36. new text end

new text begin Lower income motor fuels tax credit. new text end

new text begin (a) To compensate for the burden
of the motor fuels tax, an individual is allowed a credit against the tax imposed under this
chapter if the individual:
new text end

new text begin (1) has attained the age of 18 by the end of the taxable year;
new text end

new text begin (2) cannot be claimed as a dependent on another taxpayer's return; and
new text end

new text begin (3) is a United States citizen or is lawfully present in the United States.
new text end

new text begin (b) For married couples filing joint returns, surviving spouses, single filers, and head
of household filers, the credit amount is $25. For married individuals filing separate
returns, the credit amount is $12.50. To qualify, the individual's taxable net income for
the taxable year must not exceed the maximum amount for the individual's filing status,
adjusted as provided in subdivision 2d, that is taxable at the lowest rate under subdivision
2c. For individuals with taxable net income that exceeds the amount of income taxable for
the individual's filing status at the lowest rate under subdivision 2c, adjusted as provided in
subdivision 2d, the credit amount is zero. For a nonresident or part-year resident, the credit
must be allocated based on the percentage calculated under subdivision 2c, paragraph (e).
new text end

new text begin (c) If the amount of the credit that the individual is eligible to receive under this
subdivision exceeds the individual's liability for tax under this chapter, the commissioner
of revenue shall refund the excess.
new text end

new text begin (d) The amount necessary to pay claims for the refund provided in this section is
appropriated from the general fund to the commissioner.
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, 2012.
new text end