as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to taxation; income; modifying marriage 1.3 penalty credit; amending Minnesota Statutes 1999 1.4 Supplement, section 290.0675, subdivisions 1 and 3. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. Minnesota Statutes 1999 Supplement, section 1.7 290.0675, subdivision 1, is amended to read: 1.8 Subdivision 1. [DEFINITIONS.] (a) For purposes of this 1.9 section the following terms have the meanings given. 1.10 (b) "Earned income" means the sum of the following: 1.11 (1) earned income as defined in section 32(c)(2) of the 1.12 Internal Revenue Code; 1.13 (2) income received from a retirement pension, 1.14 profit-sharing, stock bonus, or annuity plan; and 1.15 (3) to the extent included in federal taxable income, 1.16 social security benefits as defined in section 86(d)(1) of the 1.17 Internal Revenue Code. 1.18 (c) "Taxable income" means net income as defined in section 1.19 290.01, subdivision 19. 1.20 (d) "Earned income of lesser-earning spouse" means the 1.21 earned income of the spouse with the lesser amount of earned 1.22 income as defined in paragraph (b) for the taxable year. 1.23 Sec. 2. Minnesota Statutes 1999 Supplement, section 1.24 290.0675, subdivision 3, is amended to read: 1.25 Subd. 3. [CREDIT AMOUNT.] The credit amount is as shown in 2.1 the table in this subdivision, based on the couple's taxable 2.2 income for the tax year and on the earned income of the 2.3 lesser-earning spouse. 2.4Credit ForCredit For2.5Earned Income ofTaxable IncomeTaxable Income2.6Lesser Earning Spouse$25,000-$99,999$100,000-over2.7$14,000 - $14,999$9$02.8$15,000 - $15,999$27$02.9$16,000 - $16,999$44$02.10$17,000 - $17,999$62$02.11$18,000 - $18,999$79$02.12$19,000 - $19,999$97$02.13$20,000 - $20,999$114$02.14$21,000 - $21,999$132$02.15$22,000 - $22,999$149$02.16$23,000 - $23,999$162$02.17$24,000 - $24,999$162$02.18$25,000 - $25,999$162$02.19$26,000 - $26,999$162$02.20$27,000 - $27,999$162$02.21$28,000 - $28,999$162$92.22$29,000 - $29,999$162$162.23$30,000 - $30,999$162$242.24$31,000 - $31,999$162$312.25$32,000 - $32,999$162$392.26$33,000 - $33,999$162$462.27$34,000 - $34,999$162$542.28$35,000 - $35,999$162$612.29$36,000 - $36,999$162$692.30$37,000 - $37,999$162$762.31$38,000 - $38,999$162$842.32$39,000 - $39,999$162$912.33$40,000 - $40,999$162$992.34$41,000 - $41,999$162$1062.35$42,000 - $42,999$162$1142.36$43,000 - $43,999$162$1213.1$44,000 - $44,999$162$1293.2$45,000 - $45,999$162$1363.3$46,000 - $46,999$162$1443.4$47,000 - $47,999$162$1513.5$48,000 - $48,999$162$1593.6$49,000 - $49,999$162$1663.7$50,000 - $50,999$162$1743.8$51,000 - $51,999$162$1813.9$52,000 - $52,999$162$1893.10$53,000 - $53,999$162$1963.11$54,000 - $54,999$162$2043.12$55,000 - $55,999$162$2113.13$56,000 - $56,999$162$2193.14$57,000 - $57,999$162$2263.15$58,000 - $58,999$162$2343.16$59,000 - $59,999$162$2413.17$60,000 - $60,999$162$2493.18$61,000 - $61,999$162$2563.19$62,000 and over$162$2613.20 Earned Income Credit For Credit For 3.21 of Lesser Taxable Taxable 3.22 Earning Spouse Income Income 3.23 At Least But Not $25,461- $101,844 3.24 More Than $101,844 And Over 3.25 $14,260 $15,275 9 0 3.26 $15,276 $16,295 27 0 3.27 $16,296 $17,315 45 0 3.28 $17,316 $18,330 63 0 3.29 $18,331 $19,350 80 0 3.30 $19,351 $20,370 99 0 3.31 $20,371 $21,385 116 0 3.32 $21,386 $22,405 134 0 3.33 $22,406 $23,425 152 0 3.34 $23,426 $24,440 165 0 3.35 $24,441 $25,460 165 0 3.36 $25,461 $26,480 165 0 4.1 $26,481 $27,500 165 0 4.2 $27,501 $28,515 165 0 4.3 $28,516 $29,535 165 9 4.4 $29,536 $30,550 165 16 4.5 $30,551 $31,570 165 24 4.6 $31,571 $32,590 165 32 4.7 $32,591 $33,610 165 40 4.8 $33,611 $34,625 165 47 4.9 $34,626 $35,645 165 55 4.10 $35,646 $36,665 165 62 4.11 $36,666 $37,680 165 70 4.12 $37,681 $38,700 165 77 4.13 $38,701 $39,720 165 86 4.14 $39,721 $40,740 165 93 4.15 $40,741 $41,755 165 101 4.16 $41,756 $42,775 165 108 4.17 $42,776 $43,790 165 116 4.18 $43,791 $44,810 165 123 4.19 $44,811 $45,830 165 131 4.20 $45,831 $46,850 165 139 4.21 $46,851 $47,865 165 147 4.22 $47,866 $48,885 165 154 4.23 $48,886 $49,905 165 162 4.24 $49,906 $50,920 165 169 4.25 $50,921 $51,940 165 177 4.26 $51,941 $52,959 165 184 4.27 $52,960 $53,975 165 192 4.28 $53,976 $54,995 165 200 4.29 $54,996 $56,015 165 208 4.30 $56,016 $57,030 165 215 4.31 $57,031 $58,050 165 223 4.32 $58,051 $59,070 165 230 4.33 $59,071 $60,085 165 238 4.34 $60,086 $61,105 165 245 4.35 $61,106 $62,125 165 254 4.36 $62,126 $63,145 165 261 5.1 $63,146 and over 165 266 5.2 Sec. 3. [EFFECTIVE DATE.] 5.3 This act is effective for taxable years beginning after 5.4 December 31, 1999.