SF 3767

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

  1.1                          A bill for an act 
  1.2             relating to taxation; income tax; expanding the 
  1.3             marriage penalty credit; amending Minnesota Statutes 
  1.4             1999 Supplement, section 290.0675. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  Minnesota Statutes 1999 Supplement, section 
  1.7   290.0675, is amended to read: 
  1.8      290.0675 [MARRIAGE PENALTY CREDIT.] 
  1.9      Subdivision 1.  [DEFINITIONS.] (a) For purposes of this 
  1.10  section the following terms have the meanings given. 
  1.11     (b) "Earned Adjusted gross income" means earned adjusted 
  1.12  gross income as defined in section 32(c)(2) 62(a) of the 
  1.13  Internal Revenue Code. 
  1.14     (c) "Taxable income" means net income as defined in section 
  1.15  290.01, subdivision 19. 
  1.16     (d) "Earned Adjusted gross income of lesser-earning lower 
  1.17  income spouse" means the earned adjusted gross income of the 
  1.18  spouse with the lesser amount of earned adjusted gross income as 
  1.19  defined in paragraph (b) for the taxable year.  
  1.20     Subd. 2.  [CREDIT ALLOWED.] A married couple filing a joint 
  1.21  return is allowed a credit against the tax imposed under section 
  1.22  290.06.  
  1.23     The minimum taxable income for the married couple to be 
  1.24  eligible for the credit is $25,000, and the minimum earned 
  1.25  adjusted gross income in order for the couple to be eligible for 
  2.1   the credit is $14,000 for each spouse. 
  2.2      Subd. 3.  [CREDIT AMOUNT.] The credit amount is as shown in 
  2.3   the table in this subdivision, based on the couple's taxable 
  2.4   income for the tax year and on the earned adjusted gross income 
  2.5   of the lesser-earning lower income spouse. 
  2.6                                Credit For          Credit For
  2.7     Earned Income of           Taxable Income      Taxable Income
  2.8     Lesser Earning Spouse      $25,000-$99,999     $100,000-over
  2.9     $14,000 - $14,999          $9                  $0    
  2.10    $15,000 - $15,999          $27                 $0    
  2.11    $16,000 - $16,999          $44                 $0    
  2.12    $17,000 - $17,999          $62                 $0    
  2.13    $18,000 - $18,999          $79                 $0    
  2.14    $19,000 - $19,999          $97                 $0  
  2.15    $20,000 - $20,999          $114                $0  
  2.16    $21,000 - $21,999          $132                $0 
  2.17    $22,000 - $22,999          $149                $0
  2.18    $23,000 - $23,999          $162                $0 
  2.19    $24,000 - $24,999          $162                $0   
  2.20    $25,000 - $25,999          $162                $0  
  2.21    $26,000 - $26,999          $162                $0   
  2.22    $27,000 - $27,999          $162                $0
  2.23    $28,000 - $28,999          $162                $9
  2.24    $29,000 - $29,999          $162                $16
  2.25    $30,000 - $30,999          $162                $24
  2.26    $31,000 - $31,999          $162                $31
  2.27    $32,000 - $32,999          $162                $39
  2.28    $33,000 - $33,999          $162                $46
  2.29    $34,000 - $34,999          $162                $54
  2.30    $35,000 - $35,999          $162                $61
  2.31    $36,000 - $36,999          $162                $69
  2.32    $37,000 - $37,999          $162                $76
  2.33    $38,000 - $38,999          $162                $84
  2.34    $39,000 - $39,999          $162                $91
  2.35    $40,000 - $40,999          $162                $99
  2.36    $41,000 - $41,999          $162                $106
  3.1     $42,000 - $42,999          $162                $114
  3.2     $43,000 - $43,999          $162                $121
  3.3     $44,000 - $44,999          $162                $129
  3.4     $45,000 - $45,999          $162                $136
  3.5     $46,000 - $46,999          $162                $144
  3.6     $47,000 - $47,999          $162                $151
  3.7     $48,000 - $48,999          $162                $159
  3.8     $49,000 - $49,999          $162                $166
  3.9     $50,000 - $50,999          $162                $174
  3.10    $51,000 - $51,999          $162                $181
  3.11    $52,000 - $52,999          $162                $189
  3.12    $53,000 - $53,999          $162                $196
  3.13    $54,000 - $54,999          $162                $204
  3.14    $55,000 - $55,999          $162                $211
  3.15    $56,000 - $56,999          $162                $219
  3.16    $57,000 - $57,999          $162                $226
  3.17    $58,000 - $58,999          $162                $234
  3.18    $59,000 - $59,999          $162                $241
  3.19    $60,000 - $60,999          $162                $249
  3.20    $61,000 - $61,999          $162                $256
  3.21    $62,000 and over           $162                $261
  3.22     Adjusted Gross Income of       
  3.23       Lower Income Spouse        Credit for Taxable Income 
  3.24                     but not         $25,460-   $101,846 
  3.25     at least       more than        $101,845   and over 
  3.26     $14,260         $15,275             $9         $0   
  3.27     $15,276         $16,295            $27         $0 
  3.28     $16,296         $17,315            $45         $0 
  3.29     $17,316         $18,330            $63         $0 
  3.30     $18,331         $19,350            $80         $0 
  3.31     $19,351         $20,370            $99         $0 
  3.32     $20,371         $21,385           $116         $0 
  3.33     $21,386         $22,405           $134         $0 
  3.34     $22,406         $23,425           $152         $0 
  3.35     $23,426         $24,445           $165         $0 
  3.36     $24,446         $25,460           $165         $0 
  4.1      $25,461         $26,480           $165         $0 
  4.2      $26,481         $27,500           $165         $0 
  4.3      $27,501         $28,515           $165         $0 
  4.4      $28,516         $29,535           $165         $9 
  4.5      $29,536         $30,555           $165        $16 
  4.6      $30,556         $31,570           $165        $24 
  4.7      $31,571         $32,590           $165        $32 
  4.8      $32,591         $33,610           $165        $40 
  4.9      $33,611         $34,625           $165        $47 
  4.10     $34,626         $35,645           $165        $55 
  4.11     $35,646         $36,665           $165        $62 
  4.12     $36,666         $37,680           $165        $70 
  4.13     $37,681         $38,700           $165        $77 
  4.14     $38,701         $39,720           $165        $86 
  4.15     $39,721         $40,740           $165        $93 
  4.16     $40,741         $41,755           $165       $101 
  4.17     $41,756         $42,775           $165       $108 
  4.18     $42,776         $43,795           $165       $116 
  4.19     $43,796         $44,810           $165       $123 
  4.20     $44,811         $45,830           $165       $131 
  4.21     $45,831         $46,850           $165       $139 
  4.22     $46,851         $47,865           $165       $147 
  4.23     $47,866         $48,885           $165       $154 
  4.24     $48,886         $49,905           $165       $162 
  4.25     $49,906         $50,920           $165       $169 
  4.26     $50,921         $51,940           $165       $177 
  4.27     $51,941         $52,960           $165       $184 
  4.28     $52,961         $53,980           $165       $192 
  4.29     $53,981         $54,995           $165       $200 
  4.30     $54,996         $56,015           $165       $208 
  4.31     $56,016         $57,035           $165       $215 
  4.32     $57,036         $58,050           $165       $223 
  4.33     $58,051         $59,070           $165       $230 
  4.34     $59,071         $60,090           $165       $238 
  4.35     $60,091         $61,105           $165       $245 
  4.36     $61,106         $62,125           $165       $254 
  5.1      $62,126         $63,145           $165       $261 
  5.2      $63,146 and over                  $165       $266 
  5.3      Subd. 4.  [NONRESIDENTS AND PART-YEAR RESIDENTS.] For a 
  5.4   nonresident or part year resident, the credit must be allocated 
  5.5   based on the percentage calculated under section 290.06, 
  5.6   subdivision 2c, paragraph (e). 
  5.7      Subd. 5.  [INFLATION ADJUSTMENT.] The dollar amount of 
  5.8   earned adjusted gross income of the lesser-earning lower income 
  5.9   spouse, taxable income, and marriage penalty credit in the table 
  5.10  in subdivision 3 must be adjusted for inflation.  The 
  5.11  commissioner shall adjust the amounts by the percentage 
  5.12  determined under section 290.06, subdivision 2d, for the taxable 
  5.13  year. 
  5.14     Sec. 2.  [EFFECTIVE DATE.] 
  5.15     Section 1 is effective for taxable years beginning after 
  5.16  December 31, 1999.