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HF 1085

as introduced - 88th Legislature (2013 - 2014) Posted on 03/04/2013 01:45pm

KEY: stricken = removed, old language. underscored = added, new language.

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Introduction Pdf Posted on 03/04/2013

Current Version - as introduced

1.1A bill for an act
1.2relating to taxation; individual income; imposing a temporary income tax surtax;
1.3amending Minnesota Statutes 2012, section 290.06, by adding a subdivision.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5    Section 1. Minnesota Statutes 2012, section 290.06, is amended by adding a
1.6subdivision to read:
1.7    Subd. 2g. Income tax surtax. In addition to the tax computed under subdivision
1.82c and section 290.091, for taxable years beginning after December 31, 2012, but before
1.9January 1, 2016, there is a surtax imposed on individuals, estates, and trusts. The surtax
1.10equals five percent of the tax computed under subdivision 2c and section 290.901.
1.11EFFECTIVE DATE.This section is effective for taxable years beginning after
1.12December 31, 2012.

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