Relating to taxation

ARTICLE 1 - INDIVIDUAL INCOME TAX

Modifying the small business investment tax credit definition, certification, allowed credit, revocation of credit, reporting, and sunset and requiring a greater Minnesota credit promotion plan by the department of employment and economic development (DEED); imposing a clothing sales individual income tax credit

ARTICLE 2 - CORPORATE FRANCHISE TAX CERTIFICATE TRANSFER PROGRAM

Requiring and providing for the DEED commissioner to develop a corporate franchise tax benefit certificate transfer program to allow emerging technology and biotechnology companies with unused loss carryovers to surrender tax benefits for use by other corporate franchise taxpayers and providing a tax credit; modifying foreign operating corporations tax treatment; allowing subtractions from federal taxable income for railroad track maintenance; decreasing the corporate franchise tax; increasing the tax credit for S corporations; decreasing the corporate minimum alternative tax; modifying the corporate franchise minimum fee; modifying unitary business sales tax treatment; excluding real estate investment trust dividends from the dividend deduction provision; repealing foreign operating corporation income tax definition and the corporate alternative minimum tax for foreign operating companies

ARTICLE 3 - SALES AND USE TAX

Requiring foreign vendors and affiliates subject to the sales tax to register with the commissioner of revenue and be legally compliant for state procurement contracts; expanding the sales tax base by including additional products and services subject to the general sales and use tax; clarifying the state lottery gross receipts sales tax amount; imposing a nexus tax for certain internet sales and allowing multiple points of use certificates; establishing sales tax exemptions for established religious orders sales at certain noncatered events and nursing and boarding care homes sales; clarifying the fund-raising sales by or for nonprofit groups sales tax exemption to include services; providing a sales and use tax exemption for certain services; imposing a sales tax on lodging gross receipts for locally collected taxes under special laws; authorizing a Duluth local sales tax reduction; repealing the direct satellite service definition, affiliated entities jurisdiction to require collection and remittance of tax by retailer, super bowl admission, court reporter document copies, telecommunications, cable and direct satellite machinery and equipment business exemptions

ARTICLE 4 - TOBACCO

Defining terms; providing annual tax rate adjustment; increasing the tobacco products tax rate; imposing additional tobacco products taxes; imposing a tobacco floor stocks tax; requiring a tobacco tax collection report

ARTICLE 5 - ESTATE

Providing for unused deceased spousal exclusion estate tax return examination; modifying the estate tax and providing a definition for the Minnesota taxable estate; modifying property qualifying for the estate tax definition

ARTICLE 6 - CITY AID

Modifying the East Grand Forks pre-1940 housing percentage; defining percent of housing built between 1940 and 1970; modifying city revenue need, the city jobs base to be the jobs per capita in the city, city formula aid, city aid distribution , and city aid; defining peak population decline and certified aid adjustments; requiring a property tax savings report; repealing certain local government aid definitions, municipal government aid payments, aid reductions, and additional aid and credit reductions

ARTICLE 7 - AVIATION TAXES

Imposing a nonrefundable jet and special fuel excise tax; providing a separate excise tax for certain airline companies engaged in state air commerce; exempting repair and maintenance equipment and parts from taxes; requiring a state airports fund deposit; modifying aircraft taxation; requiring a report

ARTICLE 8 - MISCELLANEOUS

Authorizing the commissioner of revenue to authorize Multistate tax commission audit participation; imposing a sports memorabilia gross receipts tax; repealing enactment of multistate tax compact, the multistate compact advisory committee, and interstate audits
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