HF 2709

as introduced - 92nd Legislature (2021 - 2022) Posted on 01/31/2022 10:36am

A bill for an act
relating to taxation; individual income and corporate franchise; establishing a
subtraction for certain federal grants provided to health care providers; amending
Minnesota Statutes 2020, sections 290.0132, by adding a subdivision; 290.0134,
by adding a subdivision.

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

Section 1.

Minnesota Statutes 2020, section 290.0132, is amended by adding a subdivision
to read:

new text begin Subd. 31. new text end

new text begin Provider relief fund grants. new text end

new text begin (a) Any amount received from the provider relief
fund is a subtraction.
new text end

new text begin (b) For purposes of this subdivision and section 290.0134, subdivision 20, "provider
relief fund" means the fund established in Public Law 116-136, division B, title VIII, in the
third paragraph under the heading "Public Health and Social Services Emergency Fund" to
reimburse, through grants or other mechanisms, eligible health care providers for health
care related expenses or lost revenues that are attributable to coronavirus.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective retroactively for taxable years beginning
after December 31, 2018.
new text end

Sec. 2.

Minnesota Statutes 2020, section 290.0134, is amended by adding a subdivision
to read:

new text begin Subd. 20. new text end

new text begin Provider relief fund grants. new text end

new text begin Any amount received from the provider relief
fund is a subtraction. "Provider relief fund" has the meaning given in section 290.0132,
subdivision 31.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective retroactively for taxable years beginning
after December 31, 2018.
new text end