SF 2266

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/23/2021 09:11am

A bill for an act
relating to taxation; individual income; extending the deadline to file and pay
individual income taxes.

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

Section 1. new text begin EXTENSION FOR FILING AND PAYING 2020 TAXES; ELIMINATION
OF PENALTY AND INTEREST FOR CERTAIN TAXES.
new text end

new text begin (a) Notwithstanding Minnesota Statutes, sections 289A.18, subdivision 1, and 289A.20,
subdivision 1, an individual taxpayer filing an individual income tax return may file and
pay taxes due for taxable year 2020 by May 17, 2021.
new text end

new text begin (b) Notwithstanding Minnesota Statutes, sections 289A.60 and 289A.55, the
commissioner of revenue must only calculate any late payment penalty imposed under
Minnesota Statutes, section 289A.60, subdivision 1, or interest imposed under Minnesota
Statutes, section 289A.55, on the amount of individual income taxes due but not paid under
paragraph (a) by May 17, 2021.
new text end

new text begin (c) This section does not limit the commissioner of revenue's authority to abate, reduce,
or refund any penalty or interest under Minnesota Statutes, section 270C.34, or any other
law.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment and
applies to tax returns and payments due for individual filers for taxable year 2020 only and
any interest and penalties applied to those returns and payments.
new text end