Legislative Session number- 84

Bill Name: SF3257

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
(ra)