Audio/Video Archives - 2007-2008 Regular Session

Introduction to income tax credits by House Research

Transportation
HF431 (Erhardt) Transit pass income tax credit extended to nonprofit organizations.
HF1002 (Hornstein) Alternative fuel vehicle income tax credit provided.
HF1447 (Hortman) Diesel truck idling reduction equipment income tax credit provided.

Business
HF97 (Mullery) Research tax credit extended to the individual income tax, portion of the credit refunded, and money appropriated
HF330 (S. Anderson) Telecommuting income tax credit provided.
HF1250 (Bunn) Telecommuting equipment income tax credit provided.
HF361 (Welti) Regional investment income and franchise tax credit provided.

BILLS TO BE HEARD AT 7PM

Business (continued from this morning)
HF97 (Mullery) Research tax credit extended to the individual income tax, portion of the credit refunded, and money appropriated
HF1747 (Davnie) Bioscience investment tax credits.

Education
HF20 (Thissen) Prekindergarten scholarship granting organizations contribution income tax credit provided.
HF40 (Thissen) Employer postsecondary education expense tax credit provided.
HF123 (Slawik) Education expense tax credit and deduction applied to certain expenditures for prekindergarten expenses and museum memberships.
HF263 (Paulsen) Education credit income tax inflation adjustment provided.
HF477 (Tillberry) Parent volunteering at child's school or child care income tax credit provided.
HF704 (Kohls) Universal tuition income tax credit provided, and money appropriated
HF747 (Simon) A bill for an act relating to taxation; individual income; creating a citizenship credit; appropriating money
HF1264 (Eastlund) Early childhood education access grants contribution and early childhood educational expenses income tax credit authorized

Agriculture
HF9 (Juhnke) Dairy investment income and corporate franchise tax credit provided for qualifying investments in dairy operations
HF44 (Urdahl) Rural Minnesota Catch-Up Credit provided allowing a credit against the income tax of an employer for the creation and retention of certain jobs.
HF52 (Urdahl) Dairy operations income and corporate franchise tax credit provided for qualifying investments in dairy operations.
HF64 (Urdahl) Dairy and livestock investment income and corporate franchise credit provided for qualifying investments.
HF484 (Koenen) Beginning farmer program administered by the Rural Finance Authority provisions modified, and income tax credits provided to beginning farmers for participating in farm management programs.
HF568 (Heidgerken) Income tax credit for sales or rentals of agricultural assets to beginning farmers and farmer financial management programs provided.
HF921 (Hilstrom) Tree-planting income tax credit provided, and money appropriated.
HF651 (Juhnke) Family agricultural revitalization zones authorized, and value-added processing agricultural products promoted.

Removed from Agenda
HF1469 (Tschumper) Motor fuels excise tax increased, refundable income tax credit allowed, and money appropriated.
HF832 (Buesgens) General education access grants for students authorized.
HF457 (Gardner) Scrap metal dealer purchase record keeping expanded relating to law enforcement, registrations required, tax credit to dealers provided, criminal penalties established, and money appropriated.
HF435 (Cornish) Alternative fuel vehicle conversion income tax credit provided
HF10 (Thissen) Small business technology credit provided.

Added to Agenda
HF1747 (Davnie) Bioscience investment tax credits.
HF1643 (Gardner) Scrap metal dealers tax credit provided.

THIS IS NO LONGER A JOINT MEETING WITH PROPERTY TAX DIVISION

HF1144 (Atkins) Printing industry capital equipment sales tax exemption provided.
HF1333 (Dill) Emergency response vehicles and repair parts tax exemptions provided.
HF1458 (Dill) Sales tax applied to sales of prefabricated homes.
HF1156 (Hilstrom) Vending machine products sales tax exemption provided for specified foods.
HF1152 (Garofalo) Animal shelters pet sales exempted from sales tax.

Department of Revenue presentation removed from agenda

HF862 (Liebling) Taxpayer assistance toll-free telephone lines required.
HF517 (Nelson) Tax information reporting requirements expanded.
HF1509 (Tschumper) Toll-free telephone access required for taxpayer assistance, income tax return processing provided, withholding returns electronic filing required, sales tax assistance study and additional auditors provided, and money appropriated
HF1614 (Lenczewski) Tax compliance expanded efforts required, and money appropriated
HF879 (Nelson) Contractor payment withholdings required.
HF1503 (Walker) Low income taxpayer assistance

Bills Added
HF843 (Benson) Electronic filing of individual income tax returns through the Department of Revenue Web site
HFXXX (Loeffler) Taxpayer assistance grant administration; notification and timing
HFXXX (Bunn) Tax Compliance; Merit pay for tax compliance auditors

HF569 (Mullery) Hennepin and Ramsey counties authorized to impose the existing mortgage registry taxes permanently.
HF1042 (Murphy, E.) Hennepin and Ramsey counties mortgage registry and deed tax authority expiration removed.
HF362 (Hortman) Anoka County deed and mortgage tax authorized, and environmental response fund created.
HF718 (Erhardt) Federal tax conformity provided for individual income, corporate franchise, estate taxes and property tax refund.
HF897 (Simpson) Federal income tax conformity provided relating to 2006 and 2007 provisions authorizing expensing of certain depreciable assets.
HF955 (Nornes) Individual income and corporate franchise taxes; conforming to federal rules on section 179 expensing retroactively
HF1007 (Bunn) Conforming certain income, franchise, and property tax refund provisions for tax years 2006 and 2007
HF1258 (Lenczewski) Federal conformity
HF1384(Bunn) Conforming certain income, franchise, and property tax refund provisions for tax year 2007 and following years
HF1466 (Atkins) Dakota County authorized to impose a county mortgage registry and deed tax, and use of the proceeds provided

HF130 (Lanning) Border city enterprise zone allocations increased.
HF356 (Kalin) Taylors Falls border city development zone powers authorized.
HF454 (Fritz) Faribault tax increment financing expenditures authorized.
HF1054 (Morgan) Burnsville special tax increment financing districts authorized.
HF1167 (Lillie) North St. Paul tax increment financing district transfers authorized, and time period to expend revenues extended.