as introduced - 88th Legislature (2013 - 2014) Posted on 02/08/2013 08:42am
A bill for an act
relating to taxation; increasing the threshold amount for estate taxes; amending
Minnesota Statutes 2012, section 289A.10, subdivision 1.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2012, section 289A.10, subdivision 1, is amended to read:
In the case of a decedent who has an interest in
property with a situs in Minnesota, the personal representative must submit a Minnesota
estate tax return to the commissioner, on a form prescribed by the commissioner, if:
(1) a federal estate tax return is required to be filed; or
(2) the federal gross estate exceeds deleted text begin $1,000,000deleted text end new text begin $2,000,000new text end .
The return must contain a computation of the Minnesota estate tax due. The return
must be signed by the personal representative.
new text begin
This section is effective for taxable years beginning after
December 31, 2012.
new text end