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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. 1069 - Combined net receipts tax calculation modification (as proposed to be amended by the A-1 amendment)
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Author:
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Senator Eric R. Pratt
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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 7, 2017
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Under current law, the tax base for the combined net receipts tax is net receipts minus prizes paid from pull-tabs, tipboards, and electronic linked bingo. Tax rates are imposed on four brackets of combined net receipts. This bill subtracts from the tax base amounts expended for specified lawful purpose contributions and expenditures before the rates apply. Effective beginning July 1, 2017.
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Check on the status of this bill
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Back to Senate Counsel and Research Bill Summaries page
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This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
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Last review or update: 03/07/2017
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