Minnesota SF4960: Trade or business income apportionment provision and foreign sales factors in the apportionment percentage of certain taxpayers requirement provision

What the bill says

A bill for an act relating to taxation; apportionment of trade or business income; requiring foreign sales factors in the apportionment percentage of certain taxpayers; amending Minnesota Statutes 2024, sections 290.191, subdivision 2, by adding a subdivision; 290.21, subdivision 10.

From the introduced text, March 26, 2026:

A bill for an act relating to taxation; apportionment of trade or business income; requiring foreign sales factors in the apportionment percentage of certain taxpayers; amending Minnesota Statutes 2024, sections 290.191, subdivision 2, by adding a subdivision; 290.21, subdivision 10. Section 1. Minnesota Statutes 2024, section 290.191, subdivision 2, is amended to read: Subd. 2. Apportionment formula of general application. (a) Except for those trades or businesses deleted text begin required to use a different formula under subdivision 3 or section 290.36, and for those trades or businesses that receive permission to use some other method under section 290.20 or under subdivision 4deleted text end new text begin [ADDED: listed in paragraph (c)] new text end , a trade or business required to apportion its net income must apportion its income to this state on the basis of the percentage obtained by taking the sum of: (1) the percent for the sales factor under paragraph (b) of the percentage which the sales made within this state in connection with the trade or business during the tax period are of the total sales wherever made in connection with the trade or business during the tax period; (2) the percent for the property factor under paragraph (b) of the percentage which the total tangible property used by the taxpayer in this state …

Read the full official text

Sponsors

• Bill Weber (R) · primary sponsor

Latest actions

1. April 7, 2026: Referred to Taxes
2. April 7, 2026: Introduction and first reading

Common questions

What is SF4960?

SF4960 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Trade or business income apportionment provision and foreign sales factors in the apportionment percentage of certain taxpayers requirement provision.

What does SF4960 do?

In its own words: A bill for an act relating to taxation; apportionment of trade or business income; requiring foreign sales factors in the apportionment percentage of certain taxpayers; amending Minnesota Statutes 2024, sections 290.191, subdivision 2, by adding a subdivision; 290.21, subdivision 10.

What is the status of SF4960?

In committee as of April 7, 2026. Latest action: Referred to Taxes (April 7, 2026).

Who sponsored SF4960?

Bill Weber (R).

Where is the official record for SF4960?

On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=SF4960&y=2025&ssn=0&b=senate