Capital Icon Minnesota Legislature

Office of the Revisor of Statutes

SF 1926 Senate Long Description

Providing for an offer in compromise program for agricultural tax relief purposes; requiring and providing for the commissioner of revenue to prescribe guidelines for employees to determine the adequacy of an offer in compromise or an offer of installment payments to resolve disputes and to establish procedures for handling the offers; exempting income from the sale or exchange of agricultural production property from the income tax under certain potential insolvency conditions (mk)