HF 3015

as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act
  1.2             relating to taxation; income; requiring the 
  1.3             commissioner to collect data on income tax returns; 
  1.4             directing the commissioner to estimate tax burdens; 
  1.5             amending Minnesota Statutes 1994, section 289A.08, 
  1.6             subdivision 11. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 1994, section 289A.08, 
  1.9   subdivision 11, is amended to read: 
  1.10     Subd. 11.  [INFORMATION INCLUDED IN INCOME TAX RETURN.] The 
  1.11  return must state the name of the taxpayer, or taxpayers, if the 
  1.12  return is a joint return, and the address of the taxpayer in the 
  1.13  same name or names and same address as the taxpayer has used in 
  1.14  making the taxpayer's income tax return to the United States, 
  1.15  and, for taxpayers who resided in Minnesota during all or part 
  1.16  of the tax year, must state the identifying number or numbers of 
  1.17  the school district or districts in which the taxpayer resided 
  1.18  during the tax year, and must state the social security number 
  1.19  of the taxpayer, or taxpayers, if a social security number has 
  1.20  been issued by the United States with respect to the taxpayers, 
  1.21  and must state the amount of the taxable income of the taxpayer 
  1.22  as it appears on the federal return for the taxable year to 
  1.23  which the Minnesota state return applies.  The taxpayer must 
  1.24  attach to the taxpayer's Minnesota state income tax return a 
  1.25  copy of the federal income tax return that the taxpayer has 
  1.26  filed or is about to file for the period. 
  2.1      Sec. 2.  [ESTIMATES OF TAX BURDEN.] 
  2.2      (a) The commissioner shall biennially estimate the total 
  2.3   state and local tax burden on Minnesota residents for families 
  2.4   with incomes at the poverty level.  The commissioner must 
  2.5   prepare separate estimates for families with two, three, four, 
  2.6   five, and six members.  The commissioner shall prepare the 
  2.7   estimates following the methodology used in preparing the tax 
  2.8   incidence study.  The estimates must reflect the Minnesota tax 
  2.9   law as enacted and in effect or to be in effect for each of the 
  2.10  next two years.  The commissioner shall use the most recent 
  2.11  available data on local tax burdens in preparing the estimates.  
  2.12  Separate estimates must be prepared for each year, if the 
  2.13  commissioner concludes that material changes have been enacted 
  2.14  to take effect in state tax law during the biennial period. 
  2.15     (b) The estimates must be prepared by October 31 of each 
  2.16  odd-numbered year and included in the tax incidence study.  
  2.17  These estimates apply to credits to be paid during the next two 
  2.18  calendar years. 
  2.19     (c) For purposes of the estimates, total state and local 
  2.20  tax burden means the final burden of tax after accounting for 
  2.21  economic shifting of the following state and local taxes on 
  2.22  Minnesota residents: 
  2.23     (1) individual income taxes; 
  2.24     (2) corporate franchise taxes; 
  2.25     (3) general sales taxes, including the taxes on motor 
  2.26  vehicles, but not including local sales taxes; 
  2.27     (4) real and personal property taxes; 
  2.28     (5) motor fuels excise taxes; 
  2.29     (6) motor vehicle registration taxes; 
  2.30     (7) excise taxes on alcoholic beverages, cigarettes, and 
  2.31  tobacco products; 
  2.32     (8) insurance premiums taxes; and 
  2.33     (9) gross revenues taxes on hospitals, health care 
  2.34  providers, prescription drugs, and pharmacies. 
  2.35     Sec. 3.  [EFFECTIVE DATES.] 
  2.36     Section 1 is effective for tax years beginning after 
  3.1   December 31, 1995.  Section 2 is effective for tax incidence 
  3.2   studies prepared in 1997 and following years.