as introduced - 93rd Legislature (2023 - 2024) Posted on 01/09/2023 09:46am
Engrossments | ||
---|---|---|
Introduction | Posted on 01/06/2023 |
A bill for an act
relating to taxation; individual income; conforming to the federal tax rules for the
Shuttered Venue Operators grant program; amending Minnesota Statutes 2022,
section 290.0111, subdivision 4.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2022, section 290.0111, subdivision 4, is amended to read:
(a) "Internal Revenue Code" includes
the following provisions of the COVID-related Tax Relief Act of 2020 in Public Law
116-260:
(1) section 275;
(2) section 276; and
(3) section 277.
(b) For taxable years beginning after December 31, 2019, and before January 1, 2021,
"Internal Revenue Code" includes sections 278(b) and 278(c) of the COVID-related Tax
Relief Act of 2020 in Public Law 116-260.
new text begin
(c) For taxable years beginning after December 31, 2019, "Internal Revenue Code"
includes section 278(d) of the COVID-related Tax Relief Act of 2020 in Public Law 116-260.
new text end
new text begin
This section is effective retroactively for taxable years beginning
after December 31, 2019.
new text end