Minnesota SF4690: Various individual income and corporate franchise taxes and property taxes policy and technical changes provisions modifications, obsolete JOBZ provisions removal provision, and other miscellaneous tax provisions modifications

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, March 18, 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 …