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Taxes

FIFTY-SECOND MEETING

2007-2008 Regular Session - March 19, 2008

STATE OF MINNESOTA FIFTY-SECOND MEETING
HOUSE OF REPRESENTATIVES EIGHTY-FIFTH SESSION

TAX COMMITTEE

MINUTES


Representative Ann Lenczewski, Chair of the Committee, called the meeting to order at 10:10 A.M. on March 19, 2008, in Room 10 of the State Office Building.

The Committee Legislative Assistant noted the roll.

Members present:

LENCZEWSKI, Ann (Chair)
WOLLSCHLAGER, Sandy (Vice-Chair)
ATKINS, Joe
BROD, Laura
CARLSON, Lyndon
DAVNIE, Jim
DELAFOREST, Chris
DEMMER, Randy
DILL, David
HILSTROM, Debra
JAROS, Mike
KOENEN, Lyle
LANNING, Morrie
LESCH, John
LIEBLING, Tina
MARQUART, Paul
PAULSEN, Erik
RUKAVINA, Tom
SIMPSON, Dean
SOLBERG, Loren
THAO, Cy
TILLBERRY, Tom
ZELLERS, Kurt

Members excused:
ERHARDT, Ron
KOHLS, Paul
MULLERY, Joe

A quorum was present.

Representative Lenczewski moved HF4103 be laid over for possible inclusion in the Omnibus Tax Bill.

HF4103-Lenczewski-Corporation franchise tax modified, grants authorized, foreign operating corporations eliminated, tax havens defined, subsidies taxed, rate reduced, JOBZ, programs, and tax credits repealed, exemptions eliminated, and money appropriated.

Representative Lenczewski moved amendment H4103A1 (ATTACHED). THE MOTION PREVAILED, THE AMENDMENT WAS ADOPTED.

The following people testified on HF4103: Joel Michael, House Research; Dr. Paul Wilson, Department of Revenue;

HF4103 was laid over for possible inclusion in the Omnibus Tax Bill.

The committee adjourned at 11:35A.M.



Representative Ann Lenczewski, Chair



Sasha Bergman, Committee Legislative Assistant
More Info On This Meeting..
House TV Video:
View Archive

08:30 - Gavel.
08:50 - HF4103 (Lenczewski) Corporation franchise tax modified, grants authorized, foreign operating corporations eliminated, tax havens defined, subsidies taxed, rate reduced, JOBZ, programs, and tax credits repealed, exemptions eliminated, and money appropriated.
Runs 1 hour, 24 minutes.


HF4103 (Lenczewski) A bill for an act relating to taxation; modifying the treatment of foreign income and operations under the corporation franchise tax; authorizing grants; eliminating foreign operating corporations; reducing the corporate franchise tax rate; repealing the job opportunity building zone, the international economic development zone, and biotechnology and health sciences industry zone programs; repealing the airline industry job credit, the research credit, and the bovine testing credit; repealing the corporate alternative minimum tax; appropriating money.