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S.F. No. 1225 - Subtraction for Qualifying Payments to Dental Care Providers (As Proposed to be Amended by A-1)
 
Author: Senator LeRoy A. Stumpf
 
Prepared By: Nora Pollock, Senate Counsel (651/297-8066)
 
Date: March 19, 2013



 

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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