1.1.................... moves to amend H.F. No. 991, the delete everything amendment
1.2(H0991DE1), as follows:
1.3Page 13, line 15, before "
No" insert "
(a)"
1.4Page 13, after line 17, insert:
1.5"
(b) If the Department of Treasury provides guidance that some or all of the revenue
1.6reductions in this article are an eligible use of funds received under section 9901
of Public
1.7Law 117-2, the commissioner of management and budget must transfer an amount equal
1.8to the eligible revenue reductions from the Coronavirus State Fiscal Recovery Fund
to the
1.9general fund. The amount of the transfer must equal the total revenue reduction in
the
1.102022-2023 biennium for all eligible revenue reductions.
1.11(c) For the purposes of this section, "Coronavirus State Fiscal Recovery Fund" means
1.12the account where federal funds received by the state under section 9901 of Public
Law
1.13117-2 were deposited.""
1.14Page 29, delete section 18 and insert:
1.15 "Sec. 18. Minnesota Statutes 2020, section 290.06, subdivision 2c, is amended to read:
1.16 Subd. 2c.
Schedules of rates for individuals, estates, and trusts. (a) The income taxes
1.17imposed by this chapter upon married individuals filing joint returns and surviving
spouses
1.18as defined in section 2(a) of the Internal Revenue Code must be computed by applying
to
1.19their taxable net income the following schedule of rates:
1.20 (1) On the first $38,770, 5.35 percent;
1.21 (2) On all over $38,770, but not over $154,020, 6.8 percent;
1.22 (3) On all over $154,020, but not over $269,010, 7.85 percent;
1.23(4) On all over $269,010, 9.85 percent.
2.1 Married individuals filing separate returns, estates, and trusts must compute their
income
2.2tax by applying the above rates to their taxable income, except that the income brackets
2.3will be one-half of the above amounts after the adjustment required in subdivision
2d.
2.4 (b) The income taxes imposed by this chapter upon unmarried individuals must be
2.5computed by applying to taxable net income the following schedule of rates:
2.6 (1) On the first $26,520, 5.35 percent;
2.7 (2) On all over $26,520, but not over $87,110, 6.8 percent;
2.8 (3) On all over $87,110, but not over $161,720, 7.85 percent;
2.9(4) On all over $161,720, 9.85 percent.
2.10 (c) The income taxes imposed by this chapter upon unmarried individuals qualifying
as
2.11a head of household as defined in section 2(b) of the Internal Revenue Code must be
2.12computed by applying to taxable net income the following schedule of rates:
2.13 (1) On the first $32,650, 5.35 percent;
2.14 (2) On all over $32,650, but not over $131,190, 6.8 percent;
2.15 (3) On all over $131,190, but not over $214,980, 7.85 percent;
2.16(4) On all over $214,980, 9.85 percent.
2.17 (d) In lieu of a tax computed according to the rates set forth in this subdivision,
the tax
2.18of any individual taxpayer whose taxable net income for the taxable year is less than
an
2.19amount determined by the commissioner must be computed in accordance with tables
2.20prepared and issued by the commissioner of revenue based on income brackets of not
more
2.21than $100. The amount of tax for each bracket shall be computed at the rates set forth
in
2.22this subdivision, provided that the commissioner may disregard a fractional part of
a dollar
2.23unless it amounts to 50 cents or more, in which case it may be increased to $1.
2.24 (e) An individual who is not a Minnesota resident for the entire year must compute
the
2.25individual's Minnesota income tax as provided in this subdivision. After the application
of
2.26the nonrefundable credits provided in this chapter, the tax liability must then be
multiplied
2.27by a fraction in which:
2.28 (1) the numerator is the individual's Minnesota source federal adjusted gross income
as
2.29defined in section 62 of the Internal Revenue Code and increased by:
2.30 (i) the additions required under sections
290.0131, subdivisions 2, 6, 8 to 10, 16,
and
2.3117
, and 19 to 23, and
290.0137, paragraph (a); and reduced by
3.1 (ii) the Minnesota assignable portion of the subtraction for United States government
3.2interest under section
290.0132, subdivision 2, the subtractions under sections
290.0132,
3.3subdivisions 9, 10, 14, 15, 17, 18,
and 27
, 30, and 31, and
290.0137, paragraph (c), after
3.4applying the allocation and assignability provisions of section
290.081, clause (a), or
290.17;
3.5and
3.6 (2) the denominator is the individual's federal adjusted gross income as defined in
section
3.762 of the Internal Revenue Code, increased by:
3.8 (i) the additions required under sections
290.0131, subdivisions 2, 6, 8 to 10, 16,
and
3.917
, and 19 to 23, and
290.0137, paragraph (a); and reduced by
3.10 (ii) the subtractions under sections
290.0132, subdivisions 2, 9, 10, 14, 15, 17, 18,
and
3.1127
, 30, and 31, and
290.0137, paragraph (c).
3.12EFFECTIVE DATE.This section is effective for taxable years beginning after December
3.1331, 2020."
3.14Page 31, delete section 19
3.15Page 45, delete section 32
3.16Page 46, delete sections 33 and 34
3.17Renumber the sections in sequence and correct the internal references