HF 1780

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to taxation; providing for contributions to
the general fund on income tax returns; proposing
coding for new law in Minnesota Statutes, chapter 290.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

new text begin [290.433] GENERAL FUND CONTRIBUTION.
new text end

new text begin (a) An individual, estate, trust, or corporation that files
a return under this chapter may designate on the original return
that $5 or more shall be added to the tax or deducted from the
refund that would otherwise be payable by or to that individual,
estate, trust, or corporation.
new text end

new text begin (b) All amounts designated by taxpayers under paragraph (a)
must be deposited in the state treasury and credited to the
general fund.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxable
years beginning after December 31, 2004.
new text end

Sec. 2. new text begin INCOME TAX FORM.
new text end

new text begin In revising the individual income tax form M-1 to include
the checkoff in section 1, the commissioner must transfer the
least used additions and subtractions from form M-1 to form M-1M
as necessary so that form M-1 does not exceed two pages in
length.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxable
years beginning after December 31, 2004.
new text end