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 tax; expanding the 1.3 marriage penalty credit; amending Minnesota Statutes 1.4 1999 Supplement, section 290.0675. 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, is amended to read: 1.8 290.0675 [MARRIAGE PENALTY CREDIT.] 1.9 Subdivision 1. [DEFINITIONS.] (a) For purposes of this 1.10 section the following terms have the meanings given. 1.11 (b) "EarnedAdjusted gross income" meansearnedadjusted 1.12 gross income as defined in section32(c)(2)62(a) of the 1.13 Internal Revenue Code. 1.14 (c) "Taxable income" means net income as defined in section 1.15 290.01, subdivision 19. 1.16 (d) "EarnedAdjusted gross income oflesser-earninglower 1.17 income spouse" means theearnedadjusted gross income of the 1.18 spouse with the lesser amount ofearnedadjusted gross income as 1.19 defined in paragraph (b) for the taxable year. 1.20 Subd. 2. [CREDIT ALLOWED.] A married couple filing a joint 1.21 return is allowed a credit against the tax imposed under section 1.22 290.06. 1.23 The minimum taxable income for the married couple to be 1.24 eligible for the credit is $25,000, and the minimumearned1.25 adjusted gross income in order for the couple to be eligible for 2.1 the credit is $14,000 for each spouse. 2.2 Subd. 3. [CREDIT AMOUNT.] The credit amount is as shown in 2.3 the table in this subdivision, based on the couple's taxable 2.4 income for the tax year and on theearnedadjusted gross income 2.5 of thelesser-earninglower income spouse. 2.6Credit ForCredit For2.7Earned Income ofTaxable IncomeTaxable Income2.8Lesser Earning Spouse$25,000-$99,999$100,000-over2.9$14,000 - $14,999$9$02.10$15,000 - $15,999$27$02.11$16,000 - $16,999$44$02.12$17,000 - $17,999$62$02.13$18,000 - $18,999$79$02.14$19,000 - $19,999$97$02.15$20,000 - $20,999$114$02.16$21,000 - $21,999$132$02.17$22,000 - $22,999$149$02.18$23,000 - $23,999$162$02.19$24,000 - $24,999$162$02.20$25,000 - $25,999$162$02.21$26,000 - $26,999$162$02.22$27,000 - $27,999$162$02.23$28,000 - $28,999$162$92.24$29,000 - $29,999$162$162.25$30,000 - $30,999$162$242.26$31,000 - $31,999$162$312.27$32,000 - $32,999$162$392.28$33,000 - $33,999$162$462.29$34,000 - $34,999$162$542.30$35,000 - $35,999$162$612.31$36,000 - $36,999$162$692.32$37,000 - $37,999$162$762.33$38,000 - $38,999$162$842.34$39,000 - $39,999$162$912.35$40,000 - $40,999$162$992.36$41,000 - $41,999$162$1063.1$42,000 - $42,999$162$1143.2$43,000 - $43,999$162$1213.3$44,000 - $44,999$162$1293.4$45,000 - $45,999$162$1363.5$46,000 - $46,999$162$1443.6$47,000 - $47,999$162$1513.7$48,000 - $48,999$162$1593.8$49,000 - $49,999$162$1663.9$50,000 - $50,999$162$1743.10$51,000 - $51,999$162$1813.11$52,000 - $52,999$162$1893.12$53,000 - $53,999$162$1963.13$54,000 - $54,999$162$2043.14$55,000 - $55,999$162$2113.15$56,000 - $56,999$162$2193.16$57,000 - $57,999$162$2263.17$58,000 - $58,999$162$2343.18$59,000 - $59,999$162$2413.19$60,000 - $60,999$162$2493.20$61,000 - $61,999$162$2563.21$62,000 and over$162$2613.22 Adjusted Gross Income of 3.23 Lower Income Spouse Credit for Taxable Income 3.24 but not $25,460- $101,846 3.25 at least more than $101,845 and over 3.26 $14,260 $15,275 $9 $0 3.27 $15,276 $16,295 $27 $0 3.28 $16,296 $17,315 $45 $0 3.29 $17,316 $18,330 $63 $0 3.30 $18,331 $19,350 $80 $0 3.31 $19,351 $20,370 $99 $0 3.32 $20,371 $21,385 $116 $0 3.33 $21,386 $22,405 $134 $0 3.34 $22,406 $23,425 $152 $0 3.35 $23,426 $24,445 $165 $0 3.36 $24,446 $25,460 $165 $0 4.1 $25,461 $26,480 $165 $0 4.2 $26,481 $27,500 $165 $0 4.3 $27,501 $28,515 $165 $0 4.4 $28,516 $29,535 $165 $9 4.5 $29,536 $30,555 $165 $16 4.6 $30,556 $31,570 $165 $24 4.7 $31,571 $32,590 $165 $32 4.8 $32,591 $33,610 $165 $40 4.9 $33,611 $34,625 $165 $47 4.10 $34,626 $35,645 $165 $55 4.11 $35,646 $36,665 $165 $62 4.12 $36,666 $37,680 $165 $70 4.13 $37,681 $38,700 $165 $77 4.14 $38,701 $39,720 $165 $86 4.15 $39,721 $40,740 $165 $93 4.16 $40,741 $41,755 $165 $101 4.17 $41,756 $42,775 $165 $108 4.18 $42,776 $43,795 $165 $116 4.19 $43,796 $44,810 $165 $123 4.20 $44,811 $45,830 $165 $131 4.21 $45,831 $46,850 $165 $139 4.22 $46,851 $47,865 $165 $147 4.23 $47,866 $48,885 $165 $154 4.24 $48,886 $49,905 $165 $162 4.25 $49,906 $50,920 $165 $169 4.26 $50,921 $51,940 $165 $177 4.27 $51,941 $52,960 $165 $184 4.28 $52,961 $53,980 $165 $192 4.29 $53,981 $54,995 $165 $200 4.30 $54,996 $56,015 $165 $208 4.31 $56,016 $57,035 $165 $215 4.32 $57,036 $58,050 $165 $223 4.33 $58,051 $59,070 $165 $230 4.34 $59,071 $60,090 $165 $238 4.35 $60,091 $61,105 $165 $245 4.36 $61,106 $62,125 $165 $254 5.1 $62,126 $63,145 $165 $261 5.2 $63,146 and over $165 $266 5.3 Subd. 4. [NONRESIDENTS AND PART-YEAR RESIDENTS.] For a 5.4 nonresident or part year resident, the credit must be allocated 5.5 based on the percentage calculated under section 290.06, 5.6 subdivision 2c, paragraph (e). 5.7 Subd. 5. [INFLATION ADJUSTMENT.] The dollar amount of 5.8earnedadjusted gross income of thelesser-earninglower income 5.9 spouse, taxable income, and marriage penalty credit in the table 5.10 in subdivision 3 must be adjusted for inflation. The 5.11 commissioner shall adjust the amounts by the percentage 5.12 determined under section 290.06, subdivision 2d, for the taxable 5.13 year. 5.14 Sec. 2. [EFFECTIVE DATE.] 5.15 Section 1 is effective for taxable years beginning after 5.16 December 31, 1999.