1.1Senator Duckworth moved to amend
H.F. No. 3425 as follows (...):
1.2Page 1, line 8, strike "10,000,000" and insert "
1,000,000"
1.3Page 1, line 9, delete "
(a)"
1.4Page 1, delete lines 13 to 23
1.5Page 2, delete lines 1 to 36
1.6Page 3, delete lines 1 to 3
1.7Page 3, after line 4, insert:
1.8 "Sec. 2.
ONETIME INCREASE IN RENTER'S CREDIT.
1.9 Subdivision 1. Renter's credit refund. (a) To provide tax relief for renters for taxable
1.10years beginning after December 31, 2025, and before January 1, 2027, only, the commissioner
1.11of revenue must increase the refund to each taxpayer otherwise issued under Minnesota
1.12Statutes, section 290.0693, equal to an amount determined under paragraph (b).
1.13(b) For each taxpayer, the credit equals the taxpayer's adjusted gross income for
taxable
1.14years beginning after December 31, 2025, and before January 1, 2027, multiplied by
a
1.15fraction, the numerator of which is $4,500,000, and the denominator of which is the
sum
1.16of adjusted gross income for all taxpayers eligible for a refund under Minnesota Statutes,
1.17section 290.0693, for taxable years beginning after December 31, 2025, and before
January
1.181, 2027.
1.19 Subd. 2. Appropriation. $4,500,000 in fiscal year 2026 is appropriated from the general
1.20fund to the commissioner of revenue to pay refunds required under this section. This
is a
1.21onetime appropriation.
1.22EFFECTIVE DATE.This section is effective for refunds for rent paid in taxable years
1.23beginning after December 31, 2025, and before January 1, 2027.
1.24 Sec. 3.
ONETIME INCREASE IN HOMESTEAD CREDIT REFUND.
1.25 Subdivision 1. Homestead credit refund. To provide direct property tax relief, for
1.26claims filed based on taxes payable in 2026 only, the commissioner of revenue shall
increase
1.27the refund otherwise payable under Minnesota Statutes, section 290A.04, subdivision
2, by
1.28the maximum percentage allowable for a combined amount of refunds payable under this
1.29section in an amount not to exceed $4,500,000.
2.1 Subd. 2. No notification of appeal rights. In adjusting homestead credit refunds under
2.2this section, the commissioner is not required to provide information concerning appeal
2.3rights that ordinarily must be provided whenever the commissioner adjusts refunds
payable
2.4under Minnesota Statutes, chapter 290. Taxpayers retain all rights to appeal adjustments
2.5under this section.
2.6 Subd. 3. Appropriation. $4,500,000 in fiscal year 2026 is appropriated from the general
2.7fund to the commissioner of revenue to make the payments required under this section.
This
2.8is a onetime appropriation.
2.9EFFECTIVE DATE.This section is effective only for refunds based on property taxes
2.10payable in 2026."
2.11Amend the title accordingly
2.12The motion prevailed. #did not prevail. So the amendment was #not adopted.