stricken = removed, old language. underscored = added, new language.
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relating to taxation; individual income; imposing a temporary income tax surtax;
amending Minnesota Statutes 2012, section 290.06, by adding a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. Minnesota Statutes 2012, section 290.06, is amended by adding a
subdivision 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.