1.1 	A bill for an act
1.2 	relating to taxation; estate; adding a new top bracket in the rate structure;amending 
1.3 	Minnesota Statutes 2018, section 291.03, subdivision 1.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2018, section 291.03, subdivision 1, is amended to read:
1.6 		Subdivision 1.Tax amount. The tax imposed must be computed by applying to the 
1.7 	Minnesota taxable estate the following schedule of rates and then the resulting amount 
1.8 	multiplied by a fraction, not greater than one, the numerator of which is the value of the 
1.9 	Minnesota gross estate plus the value of gifts under section 291.016, subdivision 2, clause 
1.10 	(3), with a Minnesota situs, and the denominator of which is the federal gross estate plus 
1.11 	the value of gifts under section 291.016, subdivision 2, clause (3):
1.12 	(a) For estates of decedents dying in 2017:

1.13	Amount of Minnesota Taxable Estate
	Rate of Tax
	
1.14	Not over $5,100,000
	12 percent
	
1.151.16	Over $5,100,000 but not over $7,100,000
	$612,000 plus 12.8 percent of the excess over 
$5,100,000
	
1.171.18	Over $7,100,000 but not over $8,100,000
	$868,000 plus 13.6 percent of the excess over 
$7,100,000
	
1.191.20	Over $8,100,000 but not over $9,100,000
	$1,004,000 plus 14.4 percent of the excess 
over $8,100,000
	
1.211.22	Over $9,100,000 but not over $10,100,000
	$1,148,000 plus 15.2 percent of the excess 
over $9,100,000
	
1.231.24	Over $10,100,000
	$1,300,000 plus 16 percent of the excess over 
$10,100,000
	
1.25 	(b) For estates of decedents dying in 2018 and thereafter 2019:

2.1	Amount of Minnesota Taxable Estate
	Rate of Tax
	
2.2	Not over $7,100,000
	13 percent
	
2.32.4	Over $7,100,000 but not over $8,100,000
	$923,000 plus 13.6 percent of the excess over 
$7,100,000
	
2.52.6	Over $8,100,000 but not over $9,100,000
	$1,059,000 plus 14.4 percent of the excess 
over $8,100,000
	
2.72.8	Over $9,100,000 but not over $10,100,000
	$1,203,000 plus 15.2 percent of the excess 
over $9,100,000
	
2.92.10
	Over $10,100,000
	$1,355,000 plus 16 percent of the excess over 
$10,100,000
	
2.11 	(b) For estates of decedents dying in 2020 and thereafter:

2.12	Amount of Minnesota Taxable Estate
	Rate of Tax
	
2.13	Not over $7,100,000
	13 percent
	
2.142.15	Over $7,100,000 but not over $8,100,000
	$923,000 plus 13.6 percent of the excess over 
$7,100,000
	
2.162.17	Over $8,100,000 but not over $9,100,000
	$1,059,000 plus 14.4 percent of the excess 
over $8,100,000
	
2.182.19	Over $9,100,000 but not over $10,100,000
	$1,203,000 plus 15.2 percent of the excess 
over $9,100,000
	
2.202.21	Over $10,100,000 but not over $11,100,000
	$1,355,000 plus 16 percent of the excess over 
$10,100,000
	
2.222.23	Over $11,100,000
	$1,515,000 plus 16.8 percent of the excess 
over $11,100,000

2.24 	EFFECTIVE DATE. This section is effective for estates of decedents dying in 2020 
2.25 	and thereafter.