HF 2305

as introduced - 90th Legislature (2017 - 2018) Posted on 03/09/2017 09:15am

A bill for an act
relating to taxation; modifying the requirements for the tax incidence study;
requiring a report; appropriating money; amending Minnesota Statutes 2016,
section 270C.13, subdivision 1.

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

Section 1.

Minnesota Statutes 2016, section 270C.13, subdivision 1, is amended to read:

Subdivision 1.

Biennial report.

The commissioner shall report to the legislature by
March 1 of each odd-numbered year on the overall incidence of the income tax, sales and
excise taxes, and property tax. The report shall present information on the distribution of
the tax burden as follows: (1) for the overall income distribution, using a systemwide
incidence measure such as the Suits index or other appropriate measures of equality and
inequality; (2) by income classes, including at a minimum deciles of the income distribution;
and (3) by other appropriate taxpayer characteristics. new text begin The report must also include information
on the distribution of the burden of federal taxes borne by Minnesota residents.
new text end

Sec. 2. new text begin SUPPLEMENT TO 2017 REPORT; APPROPRIATION.
new text end

new text begin (a) By January 2, 2018, the commissioner of revenue shall prepare a supplement to the
2017 tax incidence report containing the information required by section 1.
new text end

new text begin (b) $....... for fiscal year 2018 is appropriated from the general fund to the commissioner
of revenue to pay for the cost of preparing and publishing the supplement required by
paragraph (a).
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end