Minnesota 2023-2024 Regular Session

Minnesota House Bill HF167 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1.1 A bill for an act
2	2	1.2 relating to taxation; individual income tax; proposing a refundable tax credit for
3	3	1.3 tax years 2021 and 2022.
4	4	1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
5	5	1.5 Section 1. INCOME TAX REBATES.
6	6	1.6 Subdivision 1.Definitions.The definitions in Minnesota Statutes, section 290.01, apply
7	7	1.7to this section.
8	8	1.8 Subd. 2.Tax rebate credit.For taxable years beginning after December 31, 2020, and
9	9	1.9before January 1, 2024, an individual income taxpayer is allowed a credit against the taxes
10	10	1.10imposed in Minnesota Statutes, sections 290.03 and 290.091. The credit equals $1,000 each
11	11	1.11taxable year for all filers.
12	12	1.12 Subd. 3.Part-year residents.For an individual who was a resident of Minnesota for
13	13	1.13less than the entire taxable year, the credit equals the amount determined under subdivision
14	14	1.142 for the individual's filing status, multiplied by the percentage determined pursuant to
15	15	1.15Minnesota Statutes, section 290.06, subdivision 2c, paragraph (e).
16	16	1.16 Subd. 4.Credit refundable; appropriation.(a) If the amount of credit which a claimant
17	17	1.17is eligible to receive under this section exceeds the claimant's liability for tax for taxes
18	18	1.18imposed under Minnesota Statutes, sections 290.03 and 290.091, the commissioner shall
19	19	1.19refund the excess to the claimant.
20	20	1.20 (b) An amount sufficient to pay the refunds required by this section is appropriated to
21	21	1.21the commissioner from the general fund.
22	22	1Section 1.
23	23	REVISOR EAP/HL 23-0071101/04/23
24	24	State of Minnesota
25	25	This Document can be made available
26	26	in alternative formats upon request
27	27	HOUSE OF REPRESENTATIVES
28	28	H. F. No. 167
29	29	NINETY-THIRD SESSION
30	30	Authored by Quam and Davids01/09/2023
31	31	The bill was read for the first time and referred to the Committee on Taxes 2.1 Subd. 5.Distribution of credit payments; filing process for taxpayers without tax
32	32	2.2liability.(a) To the extent feasible, the commissioner must automatically adjust the return
33	33	2.3of any taxpayer who filed a return for a taxable year in which the credit under this section
34	34	2.4applies. If a taxpayer is eligible for a refund as a result of the credit under this section, to
35	35	2.5the extent feasible, the commissioner must distribute the refund via direct deposit to the
36	36	2.6taxpayer's bank account, check, or any other mechanism the commissioner deems appropriate.
37	37	2.7 (b) The commissioner must establish a simplified filing process through which a taxpayer
38	38	2.8who did not file a return due to a lack of individual income tax liability may file a return
39	39	2.9for the taxable years in which the credit is available. The filing process and forms may be
40	40	2.10in the form or manner determined by the commissioner, but must be designed to reduce the
41	41	2.11complexity of the filing process and the time needed to file for individuals without an income
42	42	2.12tax liability for the taxable year.
43	43	2.13 Subd. 6.Recapture of payments forbidden.The commissioner of revenue must not
44	44	2.14apply, and must not certify to another agency to apply, a payment resulting from the credit
45	45	2.15under this section to any unpaid tax or nontax debt owed by an individual.
46	46	2.16 EFFECTIVE DATE.This section is effective retroactively for taxable years beginning
47	47	2.17after December 31, 2020, and before January 1, 2023.
48	48	2Section 1.
49	49	REVISOR EAP/HL 23-0071101/04/23