Minnesota Legislature
SF 11
as introduced - 88th Legislature (2013 - 2014) Posted on 02/18/2013 12:42pm
Current Version - as introduced
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A bill for an act
relating to taxation; repealing the sales tax exemption for clothing; adjusting the
sales tax rate; creating an income tax credit; amending Minnesota Statutes 2012,
section 297A.62, subdivision 1; proposing coding for new law in Minnesota
Statutes, chapter 290; repealing Minnesota Statutes 2012, section 297A.67,
subdivision 8.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
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[290.0683] CLOTHING SALES TAX CREDIT.
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new text begin Subdivision 1. new text end
new text begin Definitions. new text end
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(a) For purposes of this section, the following terms
have the meanings given.
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(b) "Income" has the meaning given in section 290.067, subdivision 2a.
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(c) "Dependent" has the meaning given in section 152 of the Internal Revenue Code.
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new text begin Subd. 2. new text end
new text begin Credit allowed. new text end
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A taxpayer is allowed a refundable credit against the tax
imposed under this chapter. The credit is equal to $....... for a married couple filing a joint
return, and $....... for all filers, plus $....... for the first dependent claimed on the return,
$....... for each of the second and third dependents claimed on the return, $....... for the
fourth dependent claimed on the return, and $....... for each subsequent dependent.
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new text begin Subd. 3. new text end
new text begin Limitations. new text end
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The credit allowed in this section is reduced by $....... for
every $....... of income in excess of ....... percent of the federal poverty guidelines.
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new text begin Subd. 4. new text end
new text begin Appropriation. new text end
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An amount sufficient to pay the refunds required by this
section is appropriated to the commissioner from the general fund.
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new text begin EFFECTIVE DATE. new text end
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This section is effective for taxable years beginning after
December 31, 2012.
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Sec. 2.
Minnesota Statutes 2012, section 297A.62, subdivision 1, is amended to read:
Subdivision 1.
Generally.
Except as otherwise provided in subdivision 3 or in this
chapter, a sales tax of deleted text begin 6.5deleted text end new text begin .......new text end percent is imposed on the gross receipts from retail sales as
defined in section 297A.61, subdivision 4, made in this state or to a destination in this
state by a person who is required to have or voluntarily obtains a permit under section
297A.83, subdivision 1.
new text begin EFFECTIVE DATE. new text end
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This section is effective for taxable years beginning after
December 31, 2012.
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Sec. 3. new text begin REPEALER.
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Minnesota Statutes 2012, section 297A.67, subdivision 8,
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is repealed.
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new text begin EFFECTIVE DATE. new text end
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This section is effective for taxable years beginning after
December 31, 2012.
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