Business Income Taxes (Corporate and Pass-through)

The following write-ups are produced and maintained by Minnesota House Research Department, with some links provided to other sources.

Overview

• Corporate Franchise Tax
• Minnesota's Individual Income Tax
• Evaluating How to Cut Minnesota's Business Taxes
  A 30-page educational primer that examines the economic principles for cutting state business taxes. December 2017.
• Background Briefing on Minnesota Taxes
  Presentation to the House Taxes Committee, January 2023
• Income Taxation of Residents and Nonresidents
• Tax Expenditures vs. Direct Expenditures: A Primer
  A 20-page primer that discusses the use of tax expenditures or direct expenditures to modify programs or implement initiatives. December 2018.
• A Review of Selected Tax Expenditures
  A 153-page report providing background information on selected tax expenditures in Minnesota, focusing on income tax and sales and use tax expenditures. November 2013.

Income Tax Apportionment

• Apportionment of Corporate Franchise Tax
• Single Sales Apportionment of Corporate Franchise Tax

Business Deductions: Individual & Corporate

• Section 179 Expensing under the Federal and Minnesota Income Tax
• Minnesota's income tax treatment of federal bonus depreciation

Income Tax Credits: Corporate

• Historic Structure Rehabilitation Credit
• Minnesota Research and Development Tax Credit