as introduced - 92nd Legislature (2021 - 2022) Posted on 03/07/2022 04:14pm
Engrossments | ||
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Introduction | Posted on 02/15/2022 |
A bill for an act
relating to taxation; decreasing the corporate franchise tax rate; amending Minnesota
Statutes 2020, section 290.06, subdivision 1.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2020, section 290.06, subdivision 1, is amended to read:
The franchise tax imposed upon corporations
shall be computed by applying to their taxable income the rate of 9.8 8.8 percent.
This section is effective for taxable years beginning after December
31, 2021.