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Senate Counsel, Research and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 1225 - Subtraction for Qualifying Payments to Dental Care Providers (As Proposed to be Amended by A-1)
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Author:
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Senator LeRoy A. Stumpf
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Prepared By:
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Nora Pollock, Senate Counsel (651/297-8066)
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Date:
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March 19, 2013
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Section 1. [Subtractions from federal taxable income] Provides a Minnesota income tax subtraction equal to the previous year’s average reimbursements received from the Minnesota Medical Assistance Program by a qualified dental provider, multiplied by the number of the dental provider’s patients enrolled in the Minnesota Medical Assistance Program for that year. The subtraction is limited to $25,000 for a taxable year. Effective beginning in tax year 2013.
Section 2. [Corporations; modifications decreasing federal taxable income] Provides corporate franchise taxpayers the subtraction described above for section 1. Effective beginning in tax year 2013.
NBP:dv
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Last review or update: 03/19/2013
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