Minnesota Session Laws - 1997, Regular Session

                            CHAPTER 34-H.F.No. 2132 
                  An act relating to taxation; providing an extension of 
                  time to file and pay certain state taxes for residents 
                  in a flood disaster area. 
        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
           Section 1.  [RESIDENTS OF FLOOD DISASTER AREA; EXTENSIONS 
        OF TIME RELATING TO TAXES.] 
           Subdivision 1.  [INCOME TAX EXTENSION.] The limitations of 
        time provided by Minnesota Statutes, chapters 289 and 290 
        relating to income taxes, and Minnesota Statutes, chapter 271 
        relating to the tax court, for filing income tax returns, paying 
        income taxes, claiming income tax refunds, commencing actions 
        relating to income taxes, appealing to the tax court from orders 
        relating to income taxes, and appealing to the supreme court 
        from decisions of the tax court relating to income taxes are 
        extended until May 30, 1997, for individuals who are residents 
        in an area designated by the Federal Emergency Management Agency 
        pursuant to a major disaster declaration issued for Minnesota by 
        President Clinton after April 1, 1997, and before April 16, 1997.
           Subd. 2.  [INTEREST AND PENALTIES.] Interest on income tax 
        must not be assessed or collected from an individual with 
        respect to whom, and for the period during which, the 
        limitations of time are extended as provided in subdivision 1.  
        A penalty shall not be assessed or collected from an individual 
        for failure during that period to perform an act required by the 
        laws described in subdivision 1. 
           Subd. 3.  [ABATEMENT.] The commissioner of revenue shall 
        abate penalties and interest on withholding taxes and 
        declarations under Minnesota Statutes, section 290.92, and on 
        sales taxes deposits and returns under Minnesota Statutes, 
        chapters 289A and 297B, for failure to pay amounts or file 
        returns due between April 1, 1997, and May 30, 1997, if: 
           (1) the taxpayer is a resident in the area designated under 
        subdivision 1, or the taxpayer's business operations are located 
        in the area designated under subdivision 1 and the taxpayer's 
        ability to file returns or declarations or pay the taxes is 
        affected by the disaster; and 
           (2) the taxpayer files all required returns and 
        declarations and pays all tax amounts due by May 30, 1997. 
           Subd. 4.  [APPLICABILITY.] Nothing in this section reduces 
        the time within which an act is required or permitted under 
        Minnesota Statutes, chapter 271, 289A, 290, 297A, or 297B. 
           Sec. 2.  [EFFECTIVE DATE.] 
           Section 1 is effective the day following final enactment. 
           Presented to the governor April 14, 1997 
           Signed by the governor April 15, 1997, 10:23 a.m.