SF 2424

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to MinnesotaCare; modifying the definition of 
  1.3             gross income; amending Minnesota Statutes 1998, 
  1.4             section 256L.01, subdivision 4.  
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  Minnesota Statutes 1998, section 256L.01, 
  1.7   subdivision 4, is amended to read: 
  1.8      Subd. 4.  [GROSS INDIVIDUAL OR GROSS FAMILY INCOME.] 
  1.9   (a) "Gross individual or gross family income" for farm and 
  1.10  nonfarm self-employed means income calculated using as the 
  1.11  baseline the adjusted gross income reported on the applicant's 
  1.12  federal income tax form for the previous year and adding back in 
  1.13  reported depreciation, carryover loss, and net operating loss 
  1.14  amounts that apply to the business in which the family is 
  1.15  currently engaged.  
  1.16     (b) "Gross individual or gross family income" for farm 
  1.17  self-employed means income calculated using as the baseline the 
  1.18  adjusted gross income reported on the applicant's federal income 
  1.19  tax form for the previous year and adding back in reported 
  1.20  depreciation amounts that apply to the business in which the 
  1.21  family is currently engaged. 
  1.22     (c) Applicants shall report the most recent financial 
  1.23  situation of the family if it has changed from the period of 
  1.24  time covered by the federal income tax form.  The report may be 
  1.25  in the form of percentage increase or decrease. 
  2.1      Sec. 2.  [EFFECTIVE DATE.] 
  2.2      Section 1 is effective July 1, 2000, or upon receipt of 
  2.3   federal approval, whichever is later.