HF 2371

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxes; requiring certain disclosures for 
  1.3             all tax refund anticipation loans; amending Minnesota 
  1.4             Statutes 2003 Supplement, section 270.30, subdivision 
  1.5             8; repealing Minnesota Statutes 2003 Supplement, 
  1.6             section 270.30, subdivision 1. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 2003 Supplement, section 
  1.9   270.30, subdivision 8, is amended to read: 
  1.10     Subd. 8.  [EXEMPTIONS; ENFORCEMENT PROVISIONS.] The 
  1.11  provisions of subdivisions 6 and 7 this section, except for 
  1.12  subdivision 4, do not apply to: 
  1.13     (1) an attorney admitted to practice under section 481.01; 
  1.14     (2) a certified public accountant holding a certificate 
  1.15  under section 326A.04 or a person issued a permit to practice 
  1.16  under section 326A.05; 
  1.17     (3) a person designated as a registered accounting 
  1.18  practitioner under Minnesota Rules, part 1105.6600, or a 
  1.19  registered accounting practitioner firm issued a permit under 
  1.20  Minnesota Rules, part 1105.7100; 
  1.21     (4) an enrolled agent who has passed the special enrollment 
  1.22  examination administered by the Internal Revenue Service; and 
  1.23     (5) any fiduciary, or the regular employees of a fiduciary, 
  1.24  while acting on behalf of the fiduciary estate, the testator, 
  1.25  trustor, grantor, or beneficiaries of them; 
  1.26     (6) a tax preparer who provides tax preparation services 
  2.1   for fewer than six clients in a calendar year; 
  2.2      (7) a person who provides tax preparation services to a 
  2.3   spouse, parent, grandparent, child, or sibling; and 
  2.4      (8) an employee who provides tax preparation services for 
  2.5   an employer. 
  2.6      Sec. 2.  [REPEALER.] 
  2.7      Minnesota Statutes 2003 Supplement, section 270.30, 
  2.8   subdivision 1, is repealed.