HF 725

as introduced - 87th Legislature (2011 - 2012) Posted on 02/28/2011 09:49am

A bill for an act
relating to taxation; modifying the tax incidence study requirements; amending
Minnesota Statutes 2010, section 270C.13, subdivision 1.

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

Section 1.

Minnesota Statutes 2010, section 270C.13, subdivision 1, is amended to read:

Subdivision 1.

Biennial report.

The commissioner shall report to the legislature
by March 1 of each odd-numbered year on the overall incidence of the income tax,
sales and excise taxes, and property tax. The report shall present information on the
distribution of the tax burden as follows: (1) for the overall income distribution, using
a systemwide incidence measure such as the Suits index or other appropriate measures
of equality and inequality; (2) by income classes, including at a minimum deciles of the
income distribution; and (3) by other appropriate taxpayer characteristics. new text begin The report
must also include information on the distribution of the burden of federal taxes borne
by Minnesota residents.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective beginning with the report due in
March 2013.
new text end