as introduced - 93rd Legislature (2023 - 2024) Posted on 01/25/2023 05:39pm
|Introduction||Posted on 01/19/2023|
A bill for an act
relating to taxation; decreasing the corporate franchise tax rate; amending Minnesota
Statutes 2022, section 290.06, subdivision 1.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2022, 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 deleted text begin9.8deleted text endnew text beginnew text end percent.
new text begin new text end