(Bills) - Research tax credit increased for corporations.
(Loon) - Taxable income subtraction allowed, corporate franchise tax rates reduced, and sales tax exemption allowed for capital equipment at time of purchase.
(Ward) - June accelerated tax payment repealed.
(Downey) - Reinventing Government Employment Act proposed, public employee compensation freeze and method for determining future compensation determined, state employee gainsharing system established, and state contracts with private vendors restrictions removed.
(Garofalo) - Tax incidence study requirements modified.
(Slawik) - Dependent care credit modified.
(Liebling) - Estimated tax threshold payment requirement increased.
(Quam) - Medicare and Medicaid medical device coverage provisions modified.
(Runbeck) - Contractor two percent withholding repealed.
(Hornstein) - Corporate franchise taxation; foreign source income preferences eliminated, subtraction for foreign royalties repealed, domestic corporation definition expanded to include certain foreign corporations incorporated in or doing business in tax havens, and foreign operating corporations repealed.
(Lohmer) - Social Security benefits income tax subtraction allowed.
Minnesota Management and Budget budget overview: Commissioner Jim Schowalter
HF174 (will be brought up only for re-referral to Taxes Committee)
(Peppin) - Department of Revenue required to issue a request for proposals for a tax analytics and business intelligence contract, and money appropriated.
(Downey) - Information technology and telecommunications technology services consolidated, advisory committee established, duties transferred, report required, and money appropriated.
Office of Minnesota Attorney General Budget Overview: Attorney General Lori Swanson
Office of Minnesota Secretary of State Budget Overview: Secretary of State Mark Ritchie
Humanities Commission Budget Overview: David O’Fallon, president and CEO
Science Museum of Minnesota Budget Overview: Eric Jolly, president
(Davids) - Minnesota State High School League events temporary tax exemption made permanent, and associated revenue use modified.
(Abeler) - Jobs credit for increasing employment allowed.
(Davids) - Charitable contribution deduction expanded for food inventory.
(Benson) - Capital equipment exemption allowed at time of purchase.
Office of Minnesota State Auditor budget overview: State Auditor Rebecca Otto
Minnesota Amateur Sports Commission budget overview: Paul Erickson, Executive Director and Joel Carlson, MASC Board Member
Office of Enterprise Technology (OET) budget overview: Commissioner Carolyn Parnell