Minnesota HF5063: Various policy and technical changes made to individual and corporate franchise taxes and property taxes, obsolete JOBZ provisions removed, and miscellaneous tax provisions modified.

What the bill says

A bill for an act relating to taxation; making various policy and technical changes to individual income and corporate franchise taxes and property taxes; removing obsolete JOBZ provisions; modifying other miscellaneous tax provisions; amending Minnesota Statutes 2024, sections 123B.53, subdivision 1; 123B.535, subdivision 1; 270B.14, subdivision 3; 270B.15; 270C.055, by adding a subdivision; 273.032; 273.111, subdivision 9; 289A.08, subdivision 7; 290.01, subdivisions 19, 29; 290.0137; 290.0921, subdivision 3; 290.0922, subdivisions 2, 3; 295.52, subdivision 5; 297B.03…

From the introduced text, April 22, 2026:

A bill for an act relating to taxation; making various policy and technical changes to individual income and corporate franchise taxes and property taxes; removing obsolete JOBZ provisions; modifying other miscellaneous tax provisions; amending Minnesota Statutes 2024, sections 123B.53, subdivision 1; 123B.535, subdivision 1; 270B.14, subdivision 3; 270B.15; 270C.055, by adding a subdivision; 273.032; 273.111, subdivision 9; 289A.08, subdivision 7; 290.01, subdivisions 19, 29; 290.0137; 290.0921, subdivision 3; 290.0922, subdivisions 2, 3; 295.52, subdivision 5; 297B.03; 428A.02, subdivision 1; 428A.13, subdivision 1; 469.175, subdivision 4a; Minnesota Statutes 2025 Supplement, sections 268.19, subdivision 1; 297A.75, subdivisions 1, 2, 3; 297A.94; repealing Minnesota Statutes 2024, sections 272.02, subdivisions 31, 64; 272.029, subdivision 7; 273.11, subdivisions 19, 20; 273.1315, subdivision 1; 273.1385; 273.25; 273.65; 273.66; 273.67; 274.07; 289A.12, subdivision 15; 290.06, subdivision 29; 297A.68, subdivision 37; 428B.02, subdivision 7; 469.310; 469.311; 469.312; 469.313; 469.314; 469.315; 469.316; 469.317; 469.318; 469.3181; 469.319; 469.3191; 469.3192; 469.3193; 469.320; 469.3201; 477A.085; 477A.18. ARTICLE 1 INDIVIDUAL INCOME AND CORPORATE FRANCHISE TAXES Section 1. Minnesota Statutes 2024, section 289A.08, subdivision 7, is amended to read: Subd. 7. Composite income tax returns for nonresident partners, shareholders, and beneficiaries. (a) The commissioner may allow a partnership with nonresident partners to file a composite return and to pay the tax on behalf of nonresident partners who have no other Minnesota source income. This …