1.1Senator Nelson moved to amend
H.F. No. 2757 as follows:
1.2Page 6, after line 32, insert:
1.3 "Sec. 8.
PENALTIES AND INTEREST; ABATEMENT FOR UNDERPAYMENT.
1.4Notwithstanding Minnesota Statutes, sections 289A.20, subdivision 1, paragraph (a),
1.5289A.55, subdivisions 1 to 4, 8, and 9, and 289A.60, subdivisions 1 and 2, for taxable
years
1.6beginning after December 31, 2022, and before January 1, 2024, the commissioner of
1.7revenue must not assess penalties or interest resulting from an underpayment of tax
by a
1.8taxpayer claiming the deduction under Minnesota Statutes, section 290.095, resulting
from
1.9the effective date in Laws 2023, chapter 64, article 1, section 44.
1.10EFFECTIVE DATE.This section is effective the day following final enactment for
1.11returns and payments due for taxable years beginning after December 31, 2022, and
before
1.12January 1, 2024."
1.13The motion prevailed. #did not prevail. So the amendment was #not adopted.