1.1 A bill for an act
1.2 relating to taxation; appropriating money for an expanded corporate tax compliance
1.3 initiative.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. APPROPRIATION; EXPANDED CORPORATE TAX COMPLIANCE
1.6INITIATIVE.
1.7 Subdivision 1.Appropriation.$10,000,000 in fiscal year 2026 is appropriated from
1.8the general fund to the commissioner of revenue to develop and implement an expanded
1.9corporate tax compliance initiative. This funding is available until July 1, 2029.
1.10 Subd. 2.Requirements.For the purposes of subdivision 1, "expanded corporate tax
1.11compliance initiative" means a program to enhance tax compliance and enforcement activities
1.12under the corporate franchise tax, including the identification and collection of tax liabilities
1.13from corporations that currently do not accurately report taxable income, calculate a credit,
1.14or otherwise pay all taxes owed. The initiative must prioritize compliance and enforcement
1.15activities among corporations reporting $25,000,000 or more in Minnesota sales or gross
1.16receipts for a taxable year.
1.17 Subd. 3.Restriction.Amounts appropriated under this section must supplement and
1.18not supplant other amounts available for the purposes described in this section.
1Section 1.
REVISOR EAP/MI 25-0500903/19/25
State of Minnesota
This Document can be made available
in alternative formats upon request
HOUSE OF REPRESENTATIVES
H. F. No. 2729
NINETY-FOURTH SESSION
Authored by Gomez, Elkins and Lee, K.,03/24/2025
The bill was read for the first time and referred to the Committee on Taxes