Minnesota Session Laws - 1983, Regular Session

  

                         Laws of Minnesota 1983 

                         CHAPTER 11--S.F.No. 113
           An act relating to taxation; prohibiting imposition of 
          penalties for underpayments of estimated tax under 
          certain circumstances. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [PROHIBITION ON PENALTIES FOR UNDERPAYMENT OF 
ESTIMATED TAX.] 
     Notwithstanding the provisions of any other law to the 
contrary, no penalty shall be imposed pursuant to Minnesota 
Statutes, section 290.93, with respect to an underpayment of 
estimated tax due for a taxable year beginning after December 
31, 1981 and before January 1, 1983 from an individual who had a 
disability as defined in Minnesota Statutes, section 290A.03, 
subdivision 10, or had attained the age of 65 prior to June 1, 
1983 on the amount of the underpayment which is not greater than 
the amount of the property tax refund payable to the individual 
pursuant to Minnesota Statutes, chapter 290A, or the amount that 
would have been payable to the individual except for the 
enactment of Laws 1982, chapter 523, article VIII, for taxes 
levied in 1982, payable in 1983 or rent paid in 1982.  
     Sec. 2.  [EFFECTIVE DATE.] 
     Section 1 is effective the day following final enactment. 
    Approved March 23, 1983