.................... moves to amend H.F. No. 2362, the delete everything amendment
(A07-0842), as follows:
Page 7, line 30, before the comma insert "for the taxable year in which the property
1.4taxes are payable
Page 9, after line 2 insert:
"Sec. 8. Minnesota Statutes 2006, section 290A.07, subdivision 3, is amended to read:
Subd. 3. Time of payment to other claimants.
A claimant not included in
subdivision 2a shall receive full payment
after September 15 and before September 30 on
1.9the individual income tax return for the taxable year in which the property taxes payable
1.10used to calculate the refund under this chapter are allowed as a deduction under section
1.11164 of the Internal Revenue Code
1.12EFFECTIVE DATE.This section is effective for refund claims based on taxes
1.13payable in 2008 and thereafter.
Sec. 9. HOMESTEAD CREDIT STATE REFUND ADMINISTRATION.
1.15 The commissioner must administer claims under Minnesota Statutes, section
1.16290A.04, subdivisions 2h and 2k as part of the individual income tax return, and include
1.17the claim form and instructions in the individual income tax instruction booklet.
1.18EFFECTIVE DATE.This section is effective for claims based on property taxes
1.19payable in 2008 and thereafter.
Sec. 10. REPORT; RENTER PROPERTY TAX REFUND.
1.21 By February 1, 2008, the commissioner must report to the committees of the house
1.22and senate with jurisdiction over taxes, in compliance with Minnesota Statutes, sections
1.233.195 and 3.197, on options for processing renter property tax refund claims as part of the
1.24individual income tax return. The commissioner must provide at least one option that does
1.25not require transferring renter property tax refund payments across fiscal years.
Page 58, line 24, after the period insert "The individual income tax instruction
2.2booklet for tax year 2007 must include information on the provision of the homestead
2.3credit state refund and the special property tax refund as part of the individual income tax
2.4return rather than as separately filed refund claims, beginning with tax year 2008 returns.
Renumber the sections in sequence and correct the internal references
Amend the title accordingly