Relating to taxation; establishing a data match system for comparison of account information data held by financial institutions with the department of revenue database of debtors (tax debtor matching system), permitting fee charging, providing for noncompliance to information requests, confidentiality, immunity and civil action for unauthorized disclosures by financial institutions, appropriating annually for administrative costs, making conforming amendments; creating the surplus lines association of Minnesota as a nonprofit association, classifying data as public, requiring licensees to submit documents to the surplus lines association; defining targeted rural opportunity community, establishing a regional emerging business investment tax credit for qualifying businesses; abolishing the political contribution refund; making federal tax conforming changes; defining levy year as the year in which levies are certified for taxes payable in the following year; establishing levy limits for local governmental units; establishing the adjusted levy limit base; updating internal revenue code definition; increasing the accelerated vendor sales and use tax percentage; modifying the foreign operating corporation tax; providing an income tax addition for amounts deducted for tuition and related expenses and elementary and secondary school teacher expenses; providing income tax subtractions for certain retirement pay for armed forces service; providing corporate income tax additions and subtractions; providing a regional emerging business investment tax credit; modifying net income apportionment; requiring a certain tax withholding by contractors; lowering the percentage of gross rent constituting property taxes for refund purposes; increasing the computation of unrefunded gas tax on all-terrain vehicles (ATV); reducing the general sales and use tax rate, defining bundled sales transactions, modifying definition of retail sale, exempting leather and suede from the fur clothing definition; setting the motor vehicle excise tax at a certain percentage; increasing the percent of the estimated June liability cigarette and tobacco products distributors and liquor manufacturers, wholesalers, brewers and importers are required to submit to the commissioner of revenue; extending the duration limits of certain job opportunity building zones (JOBZ) under certain conditions; moving up the date for fur tax payments; appropriating money for transition aid for counties, cities and towns; requiring the commissioner of revenue to make certain tax base adjustments for the calculation of school district levy limitations and for tax base adjustment for calculation of county and city aids; repealing campaign and public finance disclosure spending limit agreement refund receipt forms and penalty, income and franchise tax refund of contribution to political parties and candidates and the gross revenues and gross receipts special fur clothing tax
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