Relating to taxation

ARTICLE 1 - PROPERTY TAXES AND AIDS

Making certain technical, policy and clarifying changes; clarifying certain provisions relating to the residential homestead market value credit and the agricultural homestead market value credit; modifying disparity reduction aid; clarifying commissioner of revenue responsibilities for local government aid calculations and payments

ARTICLE 2 - SALES AND USE TAXES

Eliminating prepared food sold by retailer, soft drinks, candy, dietary supplements from the sales tax; clarifying the definition of farm machinery; defining logging equipment; clarifying tangible personal property sales tax provisions; modifying international economic development zone tax exemption provisions; modifying the content and form of the sales tax exemption certificate; including equipment and materials used for the generation, transmission and distribution of electrical energy and aerial camera packages and tangible personal property and taxable services and construction materials, supplies and equipment under sales tax exemption refund provisions; prohibiting the transfer of motor vehicle lease credits to others; repealing provisions relating to business exemptions and certain rules

ARTICLE 3 - SPECIAL TAXES AND FEES

Authorizing and providing for dry cleaner registration fees to be paid in installments; establishing the deed tax for real property transfers to builders or contractors to obtain financing under certain conditions; modifying the definition of health care provider, eliminating residential care homes and adding housing with services; adding wholesale drug distributor to the list prohibited from separately listing state tax liabilities; defining weighted average retail price for cigarette and tobacco tax purposes; modifying the definition of distilled spirits and defining flavored malt beverage for liquor tax purposes

ARTICLE 4 - TACONITE PRODUCTION TAX

Modifying provisions relating to the taconite production tax; making certain technical corrections and clarifications; increasing the production tax; modifying division and distribution of proceeds provisions; changing the taconite environmental fund to the taconite environmental protection fund and modifying the distributions; changing the name of the northeast Minnesota economic protection trust to the Douglas J. Johnson economic protection trust fund

ARTICLE 5 - MISCELLANEOUS

Modifying the definition of electronic means to include the use of a touch tone telephone to transmit return information in a manner prescribed by the commissioner of revenue; modifying commissioner assessment procedures; clarifying the authority of the commissioner to assess liability against successor businesses; exempting certain property from commissioner authority to collect assessments; clarifying provisions relating to tax court orders, providing for interest from date of accrual; clarifying extended due date provisions relating to reportable transactions for tax shelters; clarifying the scope of allocation rules for income tax deduction purposes
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