Certain organizations insuring nonprofits and political subdivisions are not subject to federal taxes. Gov. Tim Pawlenty signed a law May 9 that will extend the tax exemption enjoyed by these nonprofit insurers.
Effective Aug. 1, 2009, the law makes provisions for these organizations, specifically Nonprofit Insurance Trust, to incorporate.
Rep. Patti Fritz (DFL-Faribault) and Sen. Dan Sparks (DFL-Austin) sponsor the law.
HF1789/SF1611*/CH53
Money for the Vikings — and more
Racino proposal tops a slew of gaming expansion plans
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Published 3/4/2010
Minnesota Index: Wanna bet?
Figures and statistics on gambling in Minnesota.
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Published 2/13/2009